Guideline Value for Cheran Street

Cheran Street guideline value

The current guideline value of Cheran Street in Punjaipuliampatti village is Rs 560 per sq.ft, effective from 1 July 2024. This property falls under the Punchaipuliyampatti SRO and is classified as Residential Class I Type - III.

How the guideline value of Cheran Street has changed

Over the years, the guideline value of Cheran Street has experienced several revisions. The 2007 revision recorded a value of Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 233%. However, the value decreased to Rs 335 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 saw an increase to Rs 500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 560 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Punjaipuliampatti

Punjaipuliampatti village has a total of 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,680 per sq.ft. The median value for these streets is Rs 780 per sq.ft, indicating that Cheran Street's 2024 guideline value is below this median.

• Chennimalaiyar Street: Rs 780 per sq.ft (2024)
• Chinnasamy Street: Rs 780 per sq.ft (2024)
• church Street: Rs 780 per sq.ft (2024)
• CP.Chitrarasu Street: Rs 670 per sq.ft (2024)
• Devaneyabavanar Street: Rs 780 per sq.ft (2024)
• Devendra Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, and the registration fee at 2% would be Rs 11,200. Therefore, the total cost for stamp duty and registration fees would be Rs 50,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cheran Street?

Cheran Street is covered by the Punchaipuliyampatti Sub Registrar Office, located at Sub Registrar Office, Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Punjaipuliampatti. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. This value is used to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Cheran Street?

The current guideline value of Cheran Street is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 150 per sq.ft in 2007 to Rs 560 per sq.ft in 2024, marking an overall increase of 273%.

What is the median guideline value in Punjaipuliampatti?

The median guideline value for the 116 streets in Punjaipuliampatti is Rs 780 per sq.ft, which is higher than the current value of Cheran Street.

What are the stamp duty and registration fees for properties in Cheran Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,60,000, the total fees would amount to Rs 50,400.

Which Sub Registrar Office covers Cheran Street?

Cheran Street is covered by the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.