Guideline Value for CHETTI THOTTAM

Chetti Thottam guideline value

The current guideline value of Chetti Thottam is Rs 707 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Chetti Thottam has changed

The guideline value for Chetti Thottam has seen several revisions over the years. In 2007, the value was Rs 315 per sq.ft, which increased to Rs 510 per sq.ft in 2012. However, there was a notable decrease to Rs 342 per sq.ft in 2017. Following this, the value surged to Rs 700 per sq.ft in 2023, and currently stands at Rs 707 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 105%, while there was a decrease of 33% from 2012 to 2017. The jump from 2007 to 2012 was 62%. Overall, from 2007 to 2024, the guideline value has increased by 124%.

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 of Rs 709 per sq.ft. The guideline value for Chetti Thottam is below this median.

• C.K.P Layout: Rs 705 per sq.ft (2024)
• C.K.P Nagar: Rs 705 per sq.ft (2024)
• College Road: Rs 880 per sq.ft (2024)
• College Road Railway line wasteland: Rs 701 per sq.ft (2024)
• Duvaragai Nagar: Rs 706 per sq.ft (2024)
• Duvaragai Nagar 2nd Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in Chetti Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 707 per sq.ft, the total guideline value amounts to Rs 7,07,000. The stamp duty at 7% would be Rs 49,490, and the registration fee at 2% would be Rs 14,140, making the total charges Rs 63,630. It is important to note that the 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 Chetti Thottam?

The Chetti Thottam area is covered by the Tiruppur Joint II 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 - A

The guideline value is a critical factor in property transactions within Ward - A, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the guideline value is compared to the sale price of the property. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Chetti Thottam?

The current guideline value of Chetti Thottam is Rs 707 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 315 per sq.ft in 2007 to Rs 707 per sq.ft in 2024, with notable increases and a decrease in between. The most significant change was a 105% increase from 2017 to 2023.

What is the registration office for Chetti Thottam?

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

What are the stamp duty and registration fees for properties in Chetti Thottam?

The stamp duty is charged at 7%, and the registration fee is at 2% of the guideline value or sale price, whichever is higher. For instance, for a 1,000 sq.ft property, the total charges would amount to Rs 63,630.

What is the land classification of Chetti Thottam?

Chetti Thottam is classified as Residential Class I Type - I, which influences the guideline value and property transactions in the area.