Guideline Value for CHAPPANIMADAI THOTTAPPAKUTHIGAL

Chappanimadai Thottappakuthigal guideline value

The current guideline value of Chappanimadai Thottappakuthigal is Rs 175 per sq.ft, effective from 1 July 2024. This area is located in Mathuvarayapuram village under the Thondamuthur SRO and is classified as Residential Class II Type - III.

How the guideline value of Chappanimadai Thottappakuthigal has changed

Over the years, the guideline value for Chappanimadai Thottappakuthigal has seen several revisions. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft, marking a decline of 33%. In the subsequent 2023 revision, the value returned to Rs 175 per sq.ft, reflecting a 50% increase from the 2017 figure. The most recent revision in 2024 maintained this value at Rs 175 per sq.ft, indicating no change from the previous year.

It is important to note that for the years 2002, 2003, and 2007, the register has no figure for this street. Therefore, the only revisions available for reference are from 2012, 2017, 2023, and 2024.

Guideline values in Mathuvarayapuram

In Mathuvarayapuram, there are 55 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 500 per sq.ft, with the median value being Rs 175 per sq.ft. Chappanimadai Thottappakuthigal's current guideline value aligns with this median.

• Chappanimadai Road: Rs 175 per sq.ft (2024)
• Chappanimadai Veenas Garden: Rs 175 per sq.ft (2024)
• Chappanimadai Kottathukkadu Road: Rs 175 per sq.ft (2024)
• Chappanimadai Ayyampagai Road: Rs 175 per sq.ft (2024)
• Dhombilipalayam Attimuthu Gounder Street: Rs 175 per sq.ft (2024)
• Dhombilipalayam Bharathi Street (Park School): Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Chappanimadai Thottappakuthigal

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total charges to Rs 15,750. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Chappanimadai Thottappakuthigal?

The Sub Registrar Office that covers Chappanimadai Thottappakuthigal is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Mathuvarayapuram. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that these costs are calculated based on the official value set by the government.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in establishing a fair transaction value, as the stamp duty is charged on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Chappanimadai Thottappakuthigal?

The current guideline value of Chappanimadai Thottappakuthigal is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 175 per sq.ft, dropping to Rs 117 per sq.ft in 2017, and then returning to Rs 175 per sq.ft in 2023. The 2024 revision maintains this value.

What is the land classification for Chappanimadai Thottappakuthigal?

Chappanimadai Thottappakuthigal is classified as Residential Class II Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Chappanimadai Thottappakuthigal is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

How is stamp duty calculated for properties in Chappanimadai Thottappakuthigal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 175 per sq.ft would incur a total stamp duty of Rs 12,250.