Guideline Value for CHETTIAR THOTTAM (RS.NO.460/7)

Chettiar Thottam (Rs.No.460/7) guideline value

The current guideline value for Chettiar Thottam (Rs.No.460/7) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Kolathupalayam village under the Dharapuram SRO, classified as Residential Special Type - III.

How the guideline value of Chettiar Thottam (Rs.No.460/7) has changed

Over the years, the guideline value for Chettiar Thottam has seen significant changes. The 2012 revision recorded a guideline value of Rs 70 per sq.ft, which increased to Rs 47 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 200 per sq.ft, reflecting an increase of 326%. The most recent revision in 2024 maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 186%.

Guideline values in Kolathupalayam

In Kolathupalayam, there are 25 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Chettiar Thottam's 2024 figure is equal to this median.

• Ganapathi Nagar, Ganapathipalayam: Rs 200 per sq.ft (2024)
• Ganapathipalayam North: Rs 200 per sq.ft (2024)
• Ganapathipalayam South: Rs 200 per sq.ft (2024)
• Gandhiji Nagar: Rs 200 per sq.ft (2024)
• Ambedhkar Street: Rs 200 per sq.ft (2024)
• Karuvelampallam: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiar Thottam (Rs.No.460/7)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It's 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 Chettiar Thottam (Rs.No.460/7)?

The Sub Registrar Office that covers Chettiar Thottam is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kolathupalayam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish a fair price for the transaction, ensuring that both parties are aware of the statutory fees involved. It is essential for buyers and sellers to understand this value to navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Chettiar Thottam?

The current guideline value of Chettiar Thottam (Rs.No.460/7) is Rs 200 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 70 per sq.ft in 2012 to Rs 200 per sq.ft in 2024, with a notable increase of 326% from 2017 to 2023.

What is the land classification for Chettiar Thottam?

Chettiar Thottam is classified as Residential Special Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Chettiar Thottam?

The Sub Registrar Office for Chettiar Thottam is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the stamp duty calculated for properties in Kolathupalayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.