Guideline Value for Chidhambaram Street

Chidhambaram Street guideline value

The current guideline value of Chidhambaram Street is Rs 205 per sq.ft, effective from 1 July 2024. This street is located in Koogaloor village, under the Gobichettipalayam Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Chidhambaram Street has changed

Over the years, the guideline value of Chidhambaram Street has seen significant changes. The 2007 revision set the value at Rs 30 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 67 per sq.ft. A substantial increase of 199% occurred between 2017 and 2023, raising the value to Rs 200 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 205 per sq.ft, marking a 3% rise from the previous year.

It is important to note that there are no figures available for Chidhambaram Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 583%.

Guideline values in Koogaloor

In Koogaloor, there are 107 streets under the Gobichettipalayam Joint II SRO, all carrying a 2024 guideline value ranging from Rs 205 to Rs 205 per sq.ft, with a median also at Rs 205 per sq.ft. Chidhambaram Street's 2024 figure is equal to this median.

• Chellappan Street: Rs 205 per sq.ft (2024)
• Chellakumar palayam: Rs 205 per sq.ft (2024)
• Dhasampalayam Natham: Rs 205 per sq.ft (2024)
• Easwaran Kovil Street: Rs 205 per sq.ft (2024)
• Eswaran Street: Rs 205 per sq.ft (2024)
• Ganapathi Street: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Chidhambaram Street

For a 1,000 sq.ft plot at the current rate of Rs 205 per sq.ft, the guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100, totaling Rs 18,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chidhambaram Street?

The Sub Registrar Office that covers Chidhambaram Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Koogaloor. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to assess the applicable charges, ensuring that both buyers and sellers adhere to the legal requirements set by the registration authorities. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Chidhambaram Street?

The current guideline value of Chidhambaram Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 30 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, marking an overall increase of 583% since 2007.

What are the stamp duty and registration fees for properties on Chidhambaram Street?

For a property valued at Rs 2,05,000, the stamp duty would be Rs 14,350 and the registration fee would be Rs 4,100, totaling Rs 18,450.

Where is the Sub Registrar Office for Chidhambaram Street?

The Gobichettipalayam Joint II Sub Registrar Office is located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

What is the land classification for Chidhambaram Street?

Chidhambaram Street is classified as Residential Special Type - III under the Gobichettipalayam Joint II SRO.