Guideline Value for CHANDRAKAVI THOTTAM

Chandrakavi Thottam guideline value

The current guideline value of Chandrakavi Thottam is Rs 1,455 per sq.ft, effective from 1 July 2024. This street is located in Ward - E village under the Tiruppur Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Chandrakavi Thottam has changed

The guideline value for Chandrakavi Thottam has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 605 per sq.ft. This increased to Rs 750 per sq.ft in 2012, marking a 24% rise. The value then rose to Rs 871 per sq.ft in 2017, which is a 16% increase from the previous revision. The next revision in 2023 set the value at Rs 1,300 per sq.ft, reflecting a significant 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 1,455 per sq.ft, which is a 12% increase from 2023.

Overall, from 2007 to 2024, the guideline value has increased by 140%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 840 per sq.ft, placing the 2024 guideline value for Chandrakavi Thottam above this median.

• Chinnappa Layout: Rs 840 per sq.ft (2024)
• Chinnappa L/O-Moorthi Nagar Extension: Rs 840 per sq.ft (2024)
• Bhavani Nagar North(Shanthi Nagar): Rs 840 per sq.ft (2024)
• Bhavani Nagar North: Rs 840 per sq.ft (2024)
• Bhavani Nagar Extension North: Rs 840 per sq.ft (2024)
• Bhavani Nagar Extension: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrakavi Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,455 per sq.ft, the total guideline value amounts to Rs 14,55,000. The stamp duty at 7% would be Rs 1,01,850, and the registration fee at 2% would be Rs 29,100, bringing the total to Rs 1,30,950. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandrakavi Thottam?

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

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

The guideline value plays a crucial role in the registration of property transactions in Ward - E. When you buy or sell a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it can impact the overall cost of the transaction. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Chandrakavi Thottam?

The current guideline value of Chandrakavi Thottam is Rs 1,455 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 605 per sq.ft in 2007 to Rs 1,455 per sq.ft in 2024, marking an overall increase of 140% over the years.

What is the land classification of Chandrakavi Thottam?

Chandrakavi Thottam is classified as Residential Class III Type - I.

Which office handles registrations for properties in Chandrakavi Thottam?

The Tiruppur Joint I Sub Registrar Office handles registrations for properties in Chandrakavi Thottam.

How is stamp duty calculated for properties in Chandrakavi Thottam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 14,55,000, the stamp duty would be Rs 1,01,850 at a rate of 7%.