Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in Dharapuram Ward 5 village, under the Dharapuram SRO, is Rs 1,380 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Church Street has changed

The guideline value for Church Street has seen several revisions over the years. In 2002, the value was Rs 121 per sq.ft, which increased to Rs 142 per sq.ft in 2003, marking a 17% rise. However, there is no figure for this street in the 2007 revision. The value remained at Rs 1,250 per sq.ft in 2012, but dropped to Rs 837 per sq.ft in 2017, reflecting a decrease of 33%. The value then surged to Rs 1,250 per sq.ft in 2023, before reaching the current value of Rs 1,380 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,040%. The jump from 2017 to 2023 was significant, with a 49% increase. The changes indicate fluctuations in the property values over the years, highlighting the evolving real estate landscape in the area.

Guideline values in Dharapuram Ward 5

In Dharapuram Ward 5, there are 40 streets that carry a 2024 guideline value ranging from Rs 575 to Rs 1,820 per sq.ft, with a median value of Rs 1,080 per sq.ft. Church Street's 2024 guideline value is above this median, indicating a competitive position within the ward.

• Deventhara Kurukku Theru - 1: Rs 1,080 per sq.ft (2024)
• Deventhara Kurukku Theru - 2: Rs 770 per sq.ft (2024)
• Big Bazar Street Back Side: Rs 1,820 per sq.ft (2024)
• Big Bazar Street: Rs 1,820 per sq.ft (2024)
• Gouder Street (BairavanKovil Street): Rs 770 per sq.ft (2024)
• Bajanaimadam West Street: Rs 1,080 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street

For a 1,000 sq.ft plot at the current rate of Rs 1,380 per sq.ft, the guideline value amounts to Rs 13,80,000. The stamp duty at 7% would be Rs 96,600, and the registration fee at 2% would be Rs 27,600, totaling Rs 1,24,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office that covers Church 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 5

When buying or selling property in Dharapuram Ward 5, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that transactions are recorded at a fair value.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence negotiations and the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the property buying or selling process.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 1,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 121 per sq.ft in 2002 to Rs 1,380 per sq.ft in 2024, showing an overall increase of 1,040% over the years.

What is the stamp duty for property in Church Street?

The stamp duty for property in Church Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 13,80,000, the stamp duty would be Rs 96,600.

Where is the Sub Registrar Office for Church Street located?

The Sub Registrar Office for Church Street is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What are the guideline values of other streets in Dharapuram Ward 5?

Other streets in Dharapuram Ward 5 have varying guideline values. For example, Deventhara Kurukku Theru - 1 is Rs 1,080 per sq.ft, while Big Bazar Street is Rs 1,820 per sq.ft in 2024.