Guideline Value for Chetti Street

Chetti Street guideline value

The current guideline value of Chetti Street, located in Ward-7 village under the Coimbatore North Joint 1 SRO, is Rs 1,450 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Chetti Street has changed

The guideline value for Chetti Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, this value decreased to Rs 871 per sq.ft in 2017. The following revision in 2023 brought the value up to Rs 1,300 per sq.ft, and the most recent revision in 2024 set it at Rs 1,450 per sq.ft, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 142%. The register has no figures for Chetti Street for the years 2002 and 2003.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO, with guideline values ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median guideline value in this ward is Rs 2,900 per sq.ft, indicating that Chetti Street's 2024 figure is below this median.

• Chinna Ellaiappa Line Main: Rs 2,000 per sq.ft (2024)
• Chinna Ellaiyappa Line Lane: Rs 1,700 per sq.ft (2024)
• Chinnavadam Patti lane: Rs 1,450 per sq.ft (2024)
• Chinnavadam Patti Main: Rs 2,000 per sq.ft (2024)
• Chockampudur Road: Rs 2,900 per sq.ft (2024)
• Brindha Lay out: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chetti Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value would be Rs 14,50,000. The stamp duty at 7% would amount to Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total charges to Rs 1,30,500. It is important to note that stamp 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 detailed calculations.

Which Sub Registrar Office covers Chetti Street?

The Sub Registrar Office that covers Chetti Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. To find your specific SRO, you can find your SRO.

How the guideline value is used when you buy or sell in Ward-7

The guideline value is a crucial factor in property transactions in Ward-7. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

Additionally, the guideline value ensures transparency in property transactions, helping both buyers and sellers understand the value of the property based on the latest revisions. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chetti Street?

The current guideline value of Chetti Street is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024, reflecting an overall increase of 142% over the years.

What are the stamp duty and registration fees for property on Chetti Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 14,50,000, resulting in a stamp duty of Rs 1,01,500 and a registration fee of Rs 29,000, totaling Rs 1,30,500.

Which Sub Registrar Office covers Chetti Street?

The Coimbatore North Joint 1 Sub Registrar Office covers Chetti Street, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification for Chetti Street?

Chetti Street falls under the Residential Class II Type - III land classification, which is relevant for property transactions in the area.