Guideline Value for CHINNA THOTTAM 1ST STREET

Chinna Thottam 1st Street guideline value

The current guideline value of Chinna Thottam 1st Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village and falls under the Tiruppur Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chinna Thottam 1st Street has changed

The guideline value for Chinna Thottam 1st Street has undergone several revisions over the years. In 2007, the guideline value was Rs 385 per sq.ft, which increased to Rs 800 per sq.ft in 2012. This was a significant rise of 108%. However, it then decreased to Rs 536 per sq.ft in 2017, representing a drop of 33%. The next revision in 2023 saw the value increase to Rs 800 per sq.ft, and the most recent revision in 2024 brought it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 129%.

Guideline values in Ward - H

In Ward - H, there are 166 streets that carry a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 990 per sq.ft. Chinna Thottam 1st Street's 2024 figure is below this median.

• Chinna Thottam: Rs 880 per sq.ft (2024)
• Chinna Thottam 2nd Street: Rs 880 per sq.ft (2024)
• Chinna Thottam 3rd Street: Rs 880 per sq.ft (2024)
• Chinna Thottam Mainroad: Rs 880 per sq.ft (2024)
• Chellappapuram 5th Street: Rs 1,375 per sq.ft (2024)
• Chellappapuram 4th Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Thottam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Chinna Thottam 1st Street?

The Chinna Thottam 1st Street is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Ward - H. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should 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 Chinna Thottam 1st Street?

The current guideline value of Chinna Thottam 1st Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 385 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 129% over the years.

What is the registration office for Chinna Thottam 1st Street?

The registration office for Chinna Thottam 1st Street 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 this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 79,200.

Where can I find more information on stamp duty and registration fees?

For more information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.