Guideline Value for Church Street 1 to 4

Church Street 1 to 4 guideline value

The current guideline value for Church Street 1 to 4 in Sowripalayam village, under the Peelamedu SRO, is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Church Street 1 to 4 has changed

The guideline value for Church Street 1 to 4 has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 390 per sq.ft. This increased to Rs 440 per sq.ft in 2003, followed by a rise to Rs 507 per sq.ft in 2007. The 2012 revision saw the value jump to Rs 2,000 per sq.ft, which was a significant increase of 294% from the previous figure. However, in 2017, the value dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. The guideline value then rose to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,300 per sq.ft, marking a 15% increase from the previous year.

Overall, from 2002 to 2024, the guideline value for Church Street 1 to 4 has increased by 490%. There are no figures available for any other years in the register for this street.

Guideline values in Sowripalayam

In Sowripalayam, there are 186 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value for these streets is Rs 2,300 per sq.ft, which is the same as the current value for Church Street 1 to 4.

• Cmc Colony: Rs 2,300 per sq.ft (2024)
• Chinnasowripalayam Street 1 to 6: Rs 2,300 per sq.ft (2024)
• Dispensary Road or Lane: Rs 2,300 per sq.ft (2024)
• Duraisamy Layout: Rs 3,850 per sq.ft (2024)
• Durisamy Layout (Peelamedu pudur): Rs 3,850 per sq.ft (2024)
• Eala Thottam: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street 1 to 4

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Church Street 1 to 4?

The Sub Registrar Office that covers Church Street 1 to 4 is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Sowripalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is crucial for buyers to be aware of the guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value for Church Street 1 to 4?

The current guideline value for Church Street 1 to 4 is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 390 per sq.ft in 2002 to Rs 2,300 per sq.ft in 2024, reflecting an overall increase of 490% over the years.

What is the land classification for Church Street 1 to 4?

Church Street 1 to 4 is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 1,61,000.