Guideline Value for church Street

church Street guideline value

The current guideline value of church Street in Punjaipuliampatti village is Rs 780 per sq.ft, effective from 1 July 2024. This street falls under the Punchaipuliyampatti SRO and is classified as Residential Class I Type - I.

How the guideline value of church Street has changed

The guideline value for church Street has undergone several revisions over the years. In 2007, the guideline value was Rs 110 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a 536% rise. However, it then decreased to Rs 469 per sq.ft in 2017, reflecting a drop of 33%. The value saw a substantial increase to Rs 700 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 780 per sq.ft, representing an 11% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 609%. The revisions show a clear fluctuation in values, with the most significant increase occurring between 2007 and 2012, followed by a steady rise leading up to the current guideline value.

Guideline values in Punjaipuliampatti

Punjaipuliampatti village has a total of 116 streets under the Punchaipuliyampatti SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,680 per sq.ft. The median value for these streets is Rs 780 per sq.ft, which is the same as the guideline value for church Street.

• Chinnasamy Street: Rs 780 per sq.ft (2024)
• CP.Chitrarasu Street: Rs 670 per sq.ft (2024)
• Devaneyabavanar Street: Rs 780 per sq.ft (2024)
• Cheran Street: Rs 560 per sq.ft (2024)
• Devendra Street: Rs 780 per sq.ft (2024)
• Chennimalaiyar Street: Rs 780 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 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, bringing the total charges to Rs 70,200. 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 fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers church Street?

The Sub Registrar Office that covers church Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Punjaipuliampatti. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the legal value of the property being transacted. It is essential to be aware of the current guideline value to ensure compliance with registration regulations and to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of church Street?

The current guideline value of church Street in Punjaipuliampatti village is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 780 per sq.ft in 2024, showing an overall increase of 609% over the years.

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 Sub Registrar Office for church Street located?

The Sub Registrar Office for church Street is located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is important as it establishes the minimum value for property registration, ensuring compliance with government regulations and appropriate revenue collection through stamp duties and registration fees.