Guideline Value for Chen Street

Chen Street guideline value

The current guideline value of Chen Street in Nerinjipettai village is Rs 250 per sq.ft, effective from the 2024 revision. This street falls under the Ammapettai_Erode SRO and is classified as Residential Class I Type - I.

How the guideline value of Chen Street has changed

The guideline value for Chen Street has seen several revisions over the years. In the 2003 revision, the value was Rs 65 per sq.ft, which increased to Rs 67 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 250 per sq.ft, but it then decreased to Rs 168 per sq.ft in 2017. Following this, the value increased significantly to Rs 251 per sq.ft in 2023, before returning to Rs 250 per sq.ft in the 2024 revision, showing no change from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 285%. Notably, there is no figure available for Chen Street in the 2002 revision.

Guideline values in Nerinjipettai

Nerinjipettai village has 36 streets under the Ammapettai_Erode SRO with a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, placing Chen Street's 2024 value above this median.

• Car Street: Rs 250 per sq.ft (2024)
• Chinnapallam: Rs 200 per sq.ft (2024)
• Chitthaiyan Nagar: Rs 150 per sq.ft (2024)
• Chitthaiyan Nagar - Kattu Kottai: Rs 100 per sq.ft (2024)
• Diversion Road: Rs 200 per sq.ft (2024)
• Gori Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Chen Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chen Street?

Chen Street is covered by the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Nerinjipettai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are applied fairly according to the established rates.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for registration purposes. This process is essential for maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Chen Street?

The current guideline value of Chen Street is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 65 per sq.ft in 2003 to Rs 250 per sq.ft in 2012, then decreased to Rs 168 per sq.ft in 2017, and was Rs 251 per sq.ft in 2023 before returning to Rs 250 per sq.ft in 2024.

What is the median guideline value in Nerinjipettai?

The median guideline value for the 36 streets in Nerinjipettai is Rs 225 per sq.ft, with Chen Street's value being above this median.

What are the stamp duty rates for property in Chen Street?

The stamp duty for property transactions in Chen Street is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Chen Street is the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone.