Guideline Value for Chattan Kalaru

Chattan Kalaru guideline value

The current guideline value of Chattan Kalaru is Rs 703 per sq.ft, effective from 1 July 2024. This area is located in Mannarai village and falls under the Tiruppur Joint II SRO. The land classification for this street is Residential Class IV Type - III.

How the guideline value of Chattan Kalaru has changed

The guideline value for Chattan Kalaru has seen several revisions over the years. The 2012 revision set the value at Rs 225 per sq.ft, which increased to Rs 151 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 703 per sq.ft, marking an increase of 366%. The 2023 revision maintained the same value of Rs 703 per sq.ft, and the 2024 revision also holds this value, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 212%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannarai

Mannarai village has a total of 90 streets under the Tiruppur Joint II SRO, with guideline values for 2024 ranging from Rs 700 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 708 per sq.ft, placing Chattan Kalaru's guideline value below this median.

• DhasanaickenKadu: Rs 707 per sq.ft (2024)
• D S P Nagar: Rs 708 per sq.ft (2024)
• Bharathithasan Nagar: Rs 708 per sq.ft (2024)
• Bharathi Nagar: Rs 708 per sq.ft (2024)
• G M Nagar: Rs 708 per sq.ft (2024)
• G N Garden: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in Chattan Kalaru

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value amounts to Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, making the total fees together Rs 63,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Chattan Kalaru?

The Sub Registrar Office that covers Chattan Kalaru is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannarai. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers to estimate the costs involved in property transactions. It also ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Chattan Kalaru?

The current guideline value of Chattan Kalaru is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, reflecting an overall increase of 212% over this period.

What is the stamp duty rate for property in Chattan Kalaru?

The stamp duty rate for property in Chattan Kalaru is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chattan Kalaru?

The Sub Registrar Office for Chattan Kalaru is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Chattan Kalaru?

The land classification for Chattan Kalaru is Residential Class IV Type - III, which is important for understanding the usage and regulations applicable to the property.