Guideline Value for CHEKKAN THOTTAM

Chekkan Thottam guideline value

The current guideline value of Chekkan Thottam is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chekkan Thottam has changed

The guideline value for Chekkan Thottam has undergone several revisions over the years. The earliest recorded revision was in 2007, when the guideline value was Rs 450 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, but then saw a decrease to Rs 670 per sq.ft in 2017. The value rose significantly to Rs 1,000 per sq.ft in 2023, and is currently set at Rs 1,120 per sq.ft as of the 2024 revision.

In terms of percentage changes, the guideline value increased by 122% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects an increase of 12%. Overall, from 2007 to 2024, the guideline value has increased by 149%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, which is the same as the current value for Chekkan Thottam.

• Chellappagounder Layout-1: Rs 1,120 per sq.ft (2024)
• Cheran Street: Rs 1,008 per sq.ft (2024)
• Buddhar Street, Ranganathar Street: Rs 1,400 per sq.ft (2024)
• Chinnasamy Nagar: Rs 1,400 per sq.ft (2024)
• Chinnath Thottam.Seva Nagar: Rs 1,010 per sq.ft (2024)
• C.M.Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Chekkan Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total fees together to Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chekkan Thottam?

The Sub Registrar Office that covers Chekkan Thottam is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ganapathy. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chekkan Thottam?

The current guideline value of Chekkan Thottam is Rs 1,120 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 450 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 149% over this period.

What is the land classification for Chekkan Thottam?

Chekkan Thottam is classified as Residential Class I Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Chekkan Thottam?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,20,000, leading to a stamp duty of Rs 78,400 and a registration fee of Rs 22,400, totaling Rs 1,00,800.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.