Guideline Value for ATHIMARA THOTTAM

Athimara Thottam guideline value

The current guideline value of Athimara Thottam is Rs 701 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint II SRO and is classified as Residential Class V Type - I.

How the guideline value of Athimara Thottam has changed

Historically, the guideline value for Athimara Thottam has seen significant changes over the years. In the 2007 revision, the value was Rs 195 per sq.ft, which increased to Rs 325 per sq.ft in 2012. However, it then dropped to Rs 218 per sq.ft in 2017. Following this, the value rose sharply to Rs 700 per sq.ft in 2023 and remained stable at Rs 701 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003.

When looking at the changes between revisions, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 221%. Overall, from the 2007 revision to 2024, the guideline value has increased by 259%.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. The guideline value of Athimara Thottam is below this median.

• A.V.M Layout: Rs 711 per sq.ft (2024)
• A.V.M Layout 1st Street: Rs 711 per sq.ft (2024)
• A.V.M Layout 2nd Street: Rs 711 per sq.ft (2024)
• A.V.M Nagar: Rs 711 per sq.ft (2024)
• Bagavathi Amman Nagar: Rs 707 per sq.ft (2024)
• Balamurugan Colony: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Athimara Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value would be Rs 7,01,000. The stamp duty at 7% would amount to Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total cost for these fees to Rs 63,090. 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 details.

Which Sub Registrar Office covers Athimara Thottam?

The Sub Registrar Office that covers Athimara Thottam is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - A

The guideline value is a crucial factor in property transactions within Ward - A. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. 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 Athimara Thottam?

The current guideline value of Athimara Thottam is Rs 701 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 195 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, marking an overall increase of 259%.

What is the land classification for Athimara Thottam?

Athimara Thottam is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for Athimara Thottam?

The Sub Registrar Office for Athimara Thottam is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 7,01,000, the total fees would amount to Rs 63,090.