Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in Dharapuram Ward 6 village is Rs 1,380 per sq.ft, effective from 1 July 2024. This street falls under the Dharapuram Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Church Street has changed

The guideline value of Church Street has seen significant changes over the years. In 2002, the guideline value was Rs 142 per sq.ft, which increased to Rs 160 per sq.ft in 2003, marking a 13% rise. The following revisions showed a substantial increase, with the value jumping to Rs 1,250 per sq.ft in 2012, after a steep rise of 681% from the 2003 figure. However, it decreased by 33% to Rs 837 per sq.ft in 2017.

In the subsequent years, the value continued to rise, reaching Rs 1,250 per sq.ft in 2023, and then increasing by 10% to the current Rs 1,380 per sq.ft in 2024. The register has no figure for the year 2007 for this street. Overall, from 2002 to 2024, the guideline value has increased by 872%.

Guideline values in Dharapuram Ward 6

In Dharapuram Ward 6, there are 63 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 645 to Rs 1,820 per sq.ft, with a median value of Rs 1,330 per sq.ft. The guideline value of Church Street is above this median.

• Chiviyar Street: Rs 770 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 Church Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,380 per sq.ft, the total 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, bringing the total cost for these fees to Rs 1,24,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Street?

The Church Street falls under the jurisdiction of the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Dharapuram Ward 6. It serves as the basis for calculating the stamp duty and registration fees that are payable when buying or selling property.

When you register a property, the higher value between the guideline value and the sale price is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 significantly, from Rs 142 per sq.ft in 2002 to Rs 1,380 per sq.ft in 2024, reflecting an overall increase of 872% over this period.

What is the stamp duty rate for properties in Church Street?

The stamp duty rate for properties in Church Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Dharapuram Sub Registrar Office located?

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

How is the registration fee calculated for properties?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher, in addition to the stamp duty.