Guideline Value for Chiviyar Street

Chiviyar Street guideline value

The current guideline value of Chiviyar Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 6 village, under the Dharapuram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chiviyar Street has changed

The guideline value for Chiviyar Street has seen significant changes over the years. Starting from Rs 78 per sq.ft in 2002, it increased to Rs 88 per sq.ft in 2003, marking a 13% rise. The next recorded revision was in 2012, where the value was Rs 700 per sq.ft, a substantial increase of 695% from the 2003 figure. However, it then dropped to Rs 469 per sq.ft in 2017, reflecting a decrease of 33% from the previous revision.

In 2023, the guideline value rose to Rs 700 per sq.ft, and then further increased to Rs 770 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 887%. It should be noted that the register has no figure for this street in 2007.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO that have a guideline value for 2024, ranging from Rs 645 to Rs 1,820 per sq.ft, with a median value of Rs 1,330 per sq.ft. Chiviyar Street's 2024 guideline value is below this median.

• Church Street: Rs 1,380 per sq.ft (2024)
• C.S.I Nagar: Rs 1,450 per sq.ft (2024)
• Dhalavaipattinam Road: Rs 1,450 per sq.ft (2024)
• Dombar Street Kattu Vaikkal (Jawahar Nagar): Rs 1,550 per sq.ft (2024)
• Gandhipuram: Rs 1,450 per sq.ft (2024)
• Gandhipuram Kurukkutheru -1: Rs 1,450 per sq.ft (2024)

Stamp duty and registration fee for property in Chiviyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total charges Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chiviyar Street?

The Sub Registrar Office that covers Chiviyar Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Dharapuram Ward 6

The guideline value is a crucial factor when buying or selling property in Dharapuram Ward 6. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is conducted at a legally recognized value. This helps maintain transparency and fairness in property transactions.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This means that buyers and sellers should be aware of the current guideline values to ensure they are compliant with the registration requirements.

Frequently asked questions

What is the current guideline value of Chiviyar Street?

The current guideline value of Chiviyar Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chiviyar Street has changed from Rs 78 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 887% over the years.

What are the other streets in Dharapuram Ward 6 and their values?

Other streets in Dharapuram Ward 6 include Church Street at Rs 1,380 per sq.ft, C.S.I Nagar at Rs 1,450 per sq.ft, and Dhalavaipattinam Road at Rs 1,450 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Chiviyar Street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles the registration for Chiviyar Street?

The registration for Chiviyar Street is handled by the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.