Guideline Value for CENTHOTTAM

Centhottam guideline value

The current guideline value of Centhottam, located in Palladam village under the Palladam Sub Registrar Office (SRO), is Rs 720 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Centhottam has changed

The guideline value for Centhottam has undergone several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 650 per sq.ft. This was followed by a decrease to Rs 435 per sq.ft in 2017. In 2023, the value increased to Rs 650 per sq.ft, and the most recent revision in 2024 set the value at Rs 720 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2023 to 2024 reflects an 11% rise. Overall, comparing the 2012 figure to the 2024 figure shows an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Palladam

Palladam village consists of 56 streets under the Palladam SRO, with guideline values ranging from Rs 440 to Rs 1,450 per sq.ft. The median guideline value for these streets is Rs 840 per sq.ft, placing Centhottam's 2024 figure below the median.

• Boyar Street: Rs 720 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• Chinniya Gounder Street: Rs 840 per sq.ft (2024)
• Chithambaranar Street: Rs 720 per sq.ft (2024)
• Chittipalayam Road: Rs 1,230 per sq.ft (2024)
• C.R.Pillai Layout: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Centhottam

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty charged at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees to Rs 64,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Centhottam?

Centhottam is covered by the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Palladam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the government's assessment.

When buying or selling property, the guideline value affects the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Centhottam?

The current guideline value of Centhottam is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.

What is the land classification for Centhottam?

Centhottam is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the registration fees for a property in Centhottam?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Palladam Sub Registrar Office located?

The Palladam Sub Registrar Office is located at No.16, Mangalam Road, Palladam - 641664, in the Coimbatore registration zone.