Guideline Value for Chettiar street (Ward 11)

Chettiar street (Ward 11) guideline value

The current guideline value of Chettiar street (Ward 11) is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chettiar street (Ward 11) has changed

Looking at the revisions of the guideline value for Chettiar street (Ward 11), the most recent figure from the 2024 revision is Rs 1,120 per sq.ft. Prior to this, in 2023, the guideline value was Rs 1,000 per sq.ft, marking a 12% increase. The 2017 revision recorded a guideline value of Rs 670 per sq.ft, which represents a significant 49% increase from that year to 2023. The 2012 revision also had a guideline value of Rs 1,000 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 12%.

The register has no figure for Chettiar street in the revisions of 2002, 2003, and 2007.

Guideline values in Karamadai

In Karamadai village, there are 180 streets under the Mettupalayam SRO that carry a 2024 guideline value, ranging from Rs 340 to Rs 1,680 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Chettiar street's 2024 figure above that median.

• Cheran Nagar: Rs 785 per sq.ft (2024)
• Bujinga Gowder Street (Ward 2): Rs 800 per sq.ft (2024)
• Coffee Gudan Street (Ward 19): Rs 800 per sq.ft (2024)
• Coimbatore mainroad (Ward 13): Rs 1,680 per sq.ft (2024)
• Coimbatore Mettupalayam Main Road (Ward 2): Rs 1,680 per sq.ft (2024)
• Cycle Shop Ramasamy Street (Ward 18): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiar street (Ward 11)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total charges to Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chettiar street (Ward 11)?

The Sub Registrar Office that covers Chettiar street (Ward 11) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karamadai. It determines the minimum value at which the property can be registered and serves as a basis for calculating stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Chettiar street (Ward 11)?

The current guideline value of Chettiar street (Ward 11) is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2024 revision at Rs 1,120 per sq.ft, up from Rs 1,000 in 2023. The value was Rs 670 in 2017, showing a 49% increase to 2023.

What is the land classification for Chettiar street (Ward 11)?

Chettiar street (Ward 11) is classified as Residential Class I Type - II, indicating its designation for residential use.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for properties in Karamadai?

The Mettupalayam Sub Registrar Office handles registrations for properties in Karamadai, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.