Guideline Value for CHINNA THOTTAM 2ND STREET

Chinna Thottam 2nd Street guideline value

The current guideline value of Chinna Thottam 2nd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - H, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chinna Thottam 2nd Street has changed

The guideline value for Chinna Thottam 2nd Street has undergone several revisions over the years. In 2007, the value was Rs 385 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a significant rise of 108%. However, in 2017, the value dropped to Rs 536 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 800 per sq.ft in 2023, and most recently, it has increased to Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 129%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO that have a 2024 guideline value, ranging from Rs 701 to Rs 4,400 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Chinna Thottam 2nd Street's 2024 figure below that median.

• Chinna Thottam 1st Street: Rs 880 per sq.ft (2024)
• Chinna Thottam 3rd Street: Rs 880 per sq.ft (2024)
• Chinna Thottam: 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 2nd 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, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 Chinna Thottam 2nd Street?

The Chinna Thottam 2nd Street 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 - H

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - H. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Chinna Thottam 2nd Street?

The current guideline value of Chinna Thottam 2nd 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 are the stamp duty and registration fees for property in Chinna Thottam 2nd Street?

For a property valued at the current guideline value of Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Chinna Thottam 2nd Street?

The Tiruppur Joint II Sub Registrar Office covers Chinna Thottam 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for Chinna Thottam 2nd Street?

Chinna Thottam 2nd Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.