Guideline Value for Chellappan Street

Chellappan Street guideline value

The current guideline value of Chellappan Street is Rs 205 per sq.ft. This street is located in Koogaloor village, under the Gobichettipalayam Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Chellappan Street has changed

Over the years, the guideline value of Chellappan Street has seen several revisions. The 2007 revision set the value at Rs 50 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, in 2017, the value rose significantly to Rs 100 per sq.ft, followed by a substantial increase to Rs 200 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 205 per sq.ft, marking a 3% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. The changes between revisions include a 200% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a remarkable 100% increase from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 310%.

Guideline values in Koogaloor

In Koogaloor, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value ranging from Rs 205 to Rs 205 per sq.ft, with the median also being Rs 205 per sq.ft. Chellappan Street's 2024 guideline value is equal to this median.

• Chellakumar palayam: Rs 205 per sq.ft (2024)
• Chidhambaram Street: Rs 205 per sq.ft (2024)
• Dhasampalayam Natham: Rs 205 per sq.ft (2024)
• Easwaran Kovil Street: Rs 205 per sq.ft (2024)
• Eswaran Street: Rs 205 per sq.ft (2024)
• Bharathi Nagar: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Chellappan Street

For a 1,000 sq.ft plot at the current rate of Rs 205 per sq.ft, the guideline value amounts to Rs 2,05,000. The stamp duty at 7% would be Rs 14,350, and the registration fee at 2% would be Rs 4,100, totaling Rs 18,450. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chellappan Street?

The Sub Registrar Office that covers Chellappan Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Koogaloor. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Chellappan Street?

The current guideline value of Chellappan Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, reflecting an overall increase of 310% over this period.

What are the other streets with the same guideline value in Koogaloor?

Other streets in Koogaloor with the same guideline value of Rs 205 per sq.ft in 2024 include Chellakumar palayam, Chidhambaram Street, Dhasampalayam Natham, Easwaran Kovil Street, Eswaran Street, and Bharathi Nagar.

What is the stamp duty rate for properties in Chellappan Street?

The stamp duty rate for properties in Chellappan Street is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Chellappan Street is located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.