Guideline Value for Chettiyar Street

Chettiyar Street guideline value

The current guideline value of Chettiyar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Ammapettai village and falls under the Ammapettai_Erode SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chettiyar Street has changed

Over the years, the guideline value of Chettiyar Street has seen several revisions. The earliest recorded figure is from 2002, with a guideline value of Rs 48 per sq.ft. This increased to Rs 72 per sq.ft in 2003, marking a 50% rise. The value then rose to Rs 80 per sq.ft in 2007, which was an 11% increase from the previous year. In 2012, the value was recorded at Rs 200 per sq.ft, reflecting a significant 150% increase. However, the value decreased to Rs 134 per sq.ft in 2017, a drop of 33% from 2012.

From 2017 to 2023, the guideline value remained at Rs 200 per sq.ft, showing a 49% increase from the 2017 figure. The latest revision in 2024 maintains this value at Rs 200 per sq.ft, indicating no change from the previous year. There are no figures available for revisions prior to 2002 or for any other years not listed in the register.

Guideline values in Ammapettai

In Ammapettai, there are 30 streets under the Ammapettai_Erode SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Chettiyar Street's 2024 guideline value above this median.

• Bharathiyar Street: Rs 300 per sq.ft (2024)
• Bank Street: Rs 300 per sq.ft (2024)
• Harijana Colony Ammapettai: Rs 150 per sq.ft (2024)
• Harjana Colony: Rs 150 per sq.ft (2024)
• Indira Nagar: Rs 150 per sq.ft (2024)
• Anthonipuram: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chettiyar Street?

The Sub Registrar Office that covers Chettiyar Street is the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Ammapettai, the guideline value is used as a reference for determining the stamp duty and registration fees. It is essential to ensure that the transaction adheres to the guideline value set by the authorities to avoid any legal issues during registration.

The guideline value also plays a crucial role in the overall property transaction process. Buyers and sellers should be aware of the current guideline value to make informed decisions and comply with the registration norms in the region.

Frequently asked questions

What is the current guideline value of Chettiyar Street?

The current guideline value of Chettiyar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 48 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 317% over the years.

What are the stamp duty and registration fees for property in Chettiyar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,000, based on a guideline value of Rs 2,00,000.

Which office handles registrations for Chettiyar Street?

The Ammapettai_Erode Sub Registrar Office handles registrations for Chettiyar Street, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone.

What other streets have guideline values in Ammapettai?

Other streets in Ammapettai include Bharathiyar Street, Bank Street, Harijana Colony Ammapettai, Harjana Colony, Indira Nagar, and Anthonipuram, with various guideline values ranging from Rs 100 to Rs 300 per sq.ft.