Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in Pattanam village, under the Singanallur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Church Street has changed

The guideline value for Church Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. Following that, the value increased to Rs 200 per sq.ft in the 2023 revision, and finally, it rose to Rs 220 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pattanam

In Pattanam, there are 220 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,815 per sq.ft. The median value is Rs 220 per sq.ft, which is equal to the guideline value of Church Street.

• Dhanalakshmi Nagar: Rs 165 per sq.ft (2024)
• Chakra Garden: Rs 330 per sq.ft (2024)
• Diamond Avenue: Rs 165 per sq.ft (2024)
• D.J.Avenue: Rs 330 per sq.ft (2024)
• Buvaragan Garden Phase I II III: Rs 220 per sq.ft (2024)
• Boyar Street: Rs 250 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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, leading to a total of Rs 19,800. 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 information.

Which Sub Registrar Office covers Church Street?

The Church Street falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Pattanam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications. This value is updated periodically, reflecting changes in the real estate landscape and ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification of Church Street?

Church Street is classified under Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for Church Street?

The registration office covering Church Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Church Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 2,20,000, leading to a stamp duty of Rs 15,400.