Guideline Value for Chetty Street Lane

Chetty Street Lane guideline value

The current guideline value of Chetty Street Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-4 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Chetty Street Lane has changed

In the 2007 revision, the guideline value was Rs 1,000 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2012 revision, marking a 70% rise. However, in the 2017 revision, the value decreased to Rs 1,139 per sq.ft, reflecting a drop of 33%. The value then saw a significant increase to Rs 1,700 per sq.ft in the 2023 revision, which was a 49% rise. The current 2024 revision sets the value at Rs 1,900 per sq.ft, representing a 12% increase from the previous year.

The register has no figures for Chetty Street Lane for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 90%.

Guideline values in Ward-4

In Ward-4, there are 24 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 10,700 per sq.ft, with a median value of Rs 3,500 per sq.ft. Chetty Street Lane's 2024 figure is below this median.

• Chetty Street Main: Rs 2,300 per sq.ft (2024)
• Chinna kadai Street: Rs 5,600 per sq.ft (2024)
• Chinna Kadai Street (Out side) Lane: Rs 5,600 per sq.ft (2024)
• Chinna Kadai Street (Out side) Main: Rs 5,600 per sq.ft (2024)
• Big Bazaar Street Main: Rs 6,800 per sq.ft (2024)
• Kamatchiamman Kovil Street Lane: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chetty Street Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making a total of Rs 1,71,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chetty Street Lane?

The Sub Registrar Office that covers Chetty Street Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-4

The guideline value is an essential factor in property transactions within Ward-4. It is used to determine the stamp duty and registration fees that buyers need to pay when registering a property. The guideline value ensures that the property is assessed fairly for taxation purposes.

When buying or selling property, it is crucial to consider the guideline value, as it reflects the minimum value at which the property can be registered. Buyers should be aware that the stamp duty will be calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Chetty Street Lane?

The current guideline value of Chetty Street Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 1,000 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, marking an overall increase of 90% over the years.

What is the stamp duty rate for properties in Chetty Street Lane?

The stamp duty rate for properties in Chetty Street Lane is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chetty Street Lane?

The Sub Registrar Office for Chetty Street Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification for Chetty Street Lane?

Chetty Street Lane is classified as Residential Class I Type - II under the guideline value register.