Guideline Value for Chellammal Nagar

Chellammal Nagar guideline value

The current guideline value of Chellammal Nagar is Rs 420 per sq.ft, effective from 1 July 2024. This area is located in Ward 4 under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class IV Type - II.

How the guideline value of Chellammal Nagar has changed

Looking at the historical revisions, the guideline value for Chellammal Nagar has seen several changes over the years. In 2002, the guideline value was Rs 436 per sq.ft. This figure decreased to Rs 185 per sq.ft in 2003, then increased to Rs 200 per sq.ft in 2007. Following that, it rose significantly to Rs 420 per sq.ft in 2012, remained the same in 2023, and is set at Rs 420 per sq.ft in 2024.

The changes between the revisions show a variety of fluctuations. From 2007 to 2012, there was a notable increase of 110%. However, from 2012 to 2017, the value dropped by 33%. The guideline value saw a substantial increase of 49% from 2017 to 2023, but there was no change from 2023 to 2024, which is an increase of 0%. Overall, from 2002 to 2024, the guideline value has decreased by 4%.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO, with guideline values ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 675 per sq.ft, placing Chellammal Nagar's 2024 figure below that median.

• Charman Street: Rs 420 per sq.ft (2024)
• Block Mariamman Kovil Chandu: Rs 826 per sq.ft (2024)
• Chokkanathapuram Street: Rs 420 per sq.ft (2024)
• Dhivansakip Street: Rs 675 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Ganapath Gounder Street: Rs 826 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 420 per sq.ft, the guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, and the registration fee at 2% would be Rs 8,400, bringing the total to Rs 37,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellammal Nagar?

The Sub Registrar Office that covers Chellammal Nagar 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 4

The guideline value plays a crucial role during the registration of property transactions in Ward 4. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is consistent and transparent.

Frequently asked questions

What is the current guideline value of Chellammal Nagar?

The current guideline value of Chellammal Nagar is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced various changes, from Rs 436 per sq.ft in 2002 to Rs 420 per sq.ft in 2024, with notable fluctuations in between.

What is the median guideline value in Ward 4?

The median guideline value in Ward 4 is Rs 675 per sq.ft, with Chellammal Nagar's current value being below this median.

What are the stamp duty and registration fees for properties in Chellammal Nagar?

For a property valued at Rs 4,20,000, the stamp duty would be Rs 29,400 and the registration fee would be Rs 8,400, totaling Rs 37,800.

Where is the Sub Registrar Office for Chellammal Nagar located?

The Sub Registrar Office for Chellammal Nagar is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.