Guideline Value for Chathiram Street

Chathiram Street guideline value

The current guideline value of Chathiram Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Ward 6 village under the Pollachi SRO, and the land classification is Commercial Special Type - I.

How the guideline value of Chathiram Street has changed

The guideline value for Chathiram Street has undergone several revisions over the years. The earliest recorded value is from the 2007 revision, which was Rs 1,325 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2012 revision, marking an increase of 89%. However, the value then decreased to Rs 1,675 per sq.ft in the 2017 revision, which was a decline of 33%. The value rose again to Rs 2,500 per sq.ft in the 2023 revision and remained unchanged in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

There are no figures available for the years 2002 and 2003 in the register for Chathiram Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 89%.

Guideline values in Ward 6

In Ward 6, there are 24 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 541 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 1,463 per sq.ft, making Chathiram Street's 2024 figure above that median.

• Bazar Street: Rs 2,500 per sq.ft (2024)
• Banglow Road: Rs 2,500 per sq.ft (2024)
• Imamkan Steet: Rs 1,345 per sq.ft (2024)
• Kalingarayar Street: Rs 990 per sq.ft (2024)
• Kanagarayar Street: Rs 1,850 per sq.ft (2024)
• Kandhasamy Lane: Rs 911 per sq.ft (2024)

Stamp duty and registration fee for property in Chathiram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total charges to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chathiram Street?

The Sub Registrar Office that covers Chathiram Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 6

The guideline value is a crucial factor when registering property transactions in Ward 6. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

When a property is sold or bought, the guideline value is compared with the sale price, and the higher amount is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chathiram Street?

The current guideline value of Chathiram Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, from Rs 1,325 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2012, then decreasing to Rs 1,675 per sq.ft in 2017, and returning to Rs 2,500 per sq.ft in 2023 and 2024.

What are the other streets in Ward 6 with their guideline values?

Other streets in Ward 6 include Bazar Street and Banglow Road, both at Rs 2,500 per sq.ft, Imamkan Steet at Rs 1,345 per sq.ft, Kalingarayar Street at Rs 990 per sq.ft, Kanagarayar Street at Rs 1,850 per sq.ft, and Kandhasamy Lane at Rs 911 per sq.ft.

What is the registration fee for a property in Chathiram Street?

The registration fee for a property in Chathiram Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,00,000, the registration fee would be Rs 50,000 at 2%.

Where can I find the Sub Registrar Office for Chathiram Street?

The Sub Registrar Office for Chathiram Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001. You can find more information about the SRO through the provided link.