Guideline Value for Chokkanathapuram Street

Chokkanathapuram Street guideline value

The current guideline value of Chokkanathapuram Street is Rs 420 per sq.ft, effective from 1 July 2024. This street is located in Ward 4 village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class IV Type - II.

How the guideline value of Chokkanathapuram Street has changed

The guideline value for Chokkanathapuram Street has seen several revisions over the years. In 2002, the value was Rs 258 per sq.ft, which increased to Rs 279 per sq.ft in 2003, marking an increase of 8%. The value then rose slightly to Rs 285 per sq.ft in 2007, a change of 2%. In 2012, the value was revised to Rs 420 per sq.ft, reflecting a significant increase of 47%. However, in 2017, it decreased to Rs 281 per sq.ft, a drop of 33%. The value remained at Rs 420 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by 63%. The most notable change occurred between 2017 and 2023, where there was a 49% increase, bringing the value back to Rs 420 per sq.ft.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 675 per sq.ft, which means that Chokkanathapuram Street's 2024 figure is below that median.

• Chellammal Nagar: Rs 420 per sq.ft (2024)
• Charman Street: Rs 420 per sq.ft (2024)
• Dhivansakip Street: Rs 675 per sq.ft (2024)
• Block Mariamman Kovil Chandu: Rs 826 per sq.ft (2024)
• Ganapath Gounder Street: Rs 826 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chokkanathapuram Street

For a 1,000 sq.ft plot at the current rate of Rs 420 per sq.ft, the guideline value would be Rs 4,20,000. The stamp duty at 7% would amount to Rs 29,400, while the registration fee at 2% would be Rs 8,400, totaling Rs 37,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Chokkanathapuram Street?

The Sub Registrar Office that covers Chokkanathapuram Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. 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 a crucial factor during the registration of property transactions in Ward 4. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. This value is used to calculate the fees based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Chokkanathapuram Street?

The current guideline value of Chokkanathapuram Street is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase of 49% occurring between 2017 and 2023. Overall, from 2002 to 2024, the value has increased by 63%.

What is the classification of Chokkanathapuram Street?

Chokkanathapuram Street is classified as Residential Class IV Type - II under the Pollachi SRO.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 37,800, based on the current rate of Rs 420 per sq.ft.

Which office handles registrations for properties in Chokkanathapuram Street?

The Pollachi Sub Registrar Office handles registrations for properties in Chokkanathapuram Street, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.