Guideline Value for Chellappa Gounder Street Main

Chellappa Gounder Street Main guideline value

The current guideline value of Chellappa Gounder Street Main is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-9 village under the Coimbatore North Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Chellappa Gounder Street Main has changed

The guideline value for Chellappa Gounder Street Main has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,700 per sq.ft. This increased to Rs 2,600 per sq.ft in 2012, marking a rise of 53%. However, in the 2017 revision, the value dropped to Rs 1,742 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 2,600 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,900 per sq.ft, a 12% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 71%.

Guideline values in Ward-9

In Ward-9, a total of 73 streets have a 2024 guideline value ranging from Rs 1,550 to Rs 10,000 per sq.ft, with a median value of Rs 4,200 per sq.ft. Chellappa Gounder Street Main's guideline value of Rs 2,900 per sq.ft is below this median.

• Brookebond Layout Lane: Rs 3,100 per sq.ft (2024)
• Cross Cut Road South Side Main Road Lane: Rs 10,000 per sq.ft (2024)
• Cross Cut Road South Side Main Road Main: Rs 10,000 per sq.ft (2024)
• Dabethar Street Lane: Rs 1,550 per sq.ft (2024)
• Dabethar Street Main: Rs 1,900 per sq.ft (2024)
• Desabandhu Street Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chellappa Gounder Street Main

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. 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 Chellappa Gounder Street Main?

The Chellappa Gounder Street Main falls under the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-9

The guideline value is an essential factor during the registration of property transactions in Ward-9. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of property registration.

Buyers and sellers must be aware that the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures that the transaction is recorded at a value that reflects the current market conditions as per the government regulations.

Frequently asked questions

What is the current guideline value of Chellappa Gounder Street Main?

The current guideline value of Chellappa Gounder Street Main is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, marking an overall increase of 71% over the years.

What is the land classification for Chellappa Gounder Street Main?

Chellappa Gounder Street Main is classified as Residential Class I Type - II.

What are the stamp duty rates applicable?

The stamp duty rate applicable for property transactions in Chellappa Gounder Street Main is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Chellappa Gounder Street Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.