Guideline Value for Chokkanatha palayam

Chokkanatha palayam guideline value

The current guideline value of Chokkanatha palayam is Rs 335 per sq.ft, effective from 1 July 2024. This area is located in Dharapuram Ward 1 village, under the Dharapuram SRO, classified as Residential Class II Type - II.

How the guideline value of Chokkanatha palayam has changed

Over the years, the guideline value of Chokkanatha palayam has seen significant changes. Starting from Rs 52 per sq.ft in 2002, it increased to Rs 58 per sq.ft in 2003. There is no figure for this street in the 2007 revision. The value then rose to Rs 200 per sq.ft in 2012, but decreased to Rs 134 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 300 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 335 per sq.ft.

In terms of percentage changes, the guideline value increased by 12% from 2023 to 2024, and by 124% from 2017 to 2023. Notably, there was a decrease of 33% from 2012 to 2017, while the increase from 2003 to 2012 was 245%. Overall, from 2002 to 2024, the guideline value has risen by 544%.

Guideline values in Dharapuram Ward 1

In Dharapuram Ward 1, there are 11 streets that carry a 2024 guideline value, ranging from Rs 330 to Rs 440 per sq.ft, with the median being Rs 335 per sq.ft. Chokkanatha palayam's 2024 figure aligns with this median.

• Dhasappalipalayam: Rs 330 per sq.ft (2024)
• Arasupallipalayam: Rs 335 per sq.ft (2024)
• Karur Road: Rs 440 per sq.ft (2024)
• Agraharam Ottrai Street: Rs 335 per sq.ft (2024)
• Agraharam Erattai Street: Rs 335 per sq.ft (2024)
• Adhidravidar Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Chokkanatha palayam

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total fees to Rs 30,150. 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 further calculations.

Which Sub Registrar Office covers Chokkanatha palayam?

The Sub Registrar Office that covers Chokkanatha palayam is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Dharapuram Ward 1

The guideline value is a crucial factor in the registration process when buying or selling property in Dharapuram Ward 1. It determines the minimum value at which property transactions are registered, ensuring compliance with state regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chokkanatha palayam?

The current guideline value of Chokkanatha palayam is Rs 335 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 52 per sq.ft in 2002 to Rs 335 per sq.ft in 2024, reflecting an overall increase of 544% over this period.

What are the stamp duty rates for property in Chokkanatha palayam?

The stamp duty rate for property transactions in Chokkanatha palayam is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Chokkanatha palayam?

The Dharapuram Sub Registrar Office handles property registrations in Chokkanatha palayam, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors. It serves as a reference point for property transactions and ensures transparency in the registration process.