Guideline Value for CHINNA THOTTAM 3RD STREET

Chinna Thottam 3rd Street guideline value

The current guideline value of Chinna Thottam 3rd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Chinna Thottam 3rd Street has changed

The guideline value for Chinna Thottam 3rd Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 385 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 108%. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a drop of 33%. The value then rose again to Rs 800 per sq.ft in 2023, and finally, it reached Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Chinna Thottam 3rd Street. Overall, from 2007 to 2024, the guideline value has increased by 129%, highlighting the fluctuations over the years.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value for this area is Rs 990 per sq.ft, placing Chinna Thottam 3rd Street's 2024 figure below that median.

• Chinna Thottam 2nd Street: Rs 880 per sq.ft (2024)
• Chinna Thottam Mainroad: Rs 880 per sq.ft (2024)
• Chinna Thottam 1st Street: Rs 880 per sq.ft (2024)
• Chinna Thottam: 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 3rd 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 to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinna Thottam 3rd Street?

The Chinna Thottam 3rd Street falls under 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Ward - H. It is used to determine the stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is recorded accurately in the official register.

When purchasing property, the guideline value helps establish a baseline for the property's worth, which is essential for legal and financial purposes. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Chinna Thottam 3rd Street?

The current guideline value of Chinna Thottam 3rd 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 several times, starting from Rs 385 per sq.ft in 2007, rising to Rs 800 in 2012, dropping to Rs 536 in 2017, increasing to Rs 800 in 2023, and finally reaching Rs 880 in 2024.

What is the land classification for Chinna Thottam 3rd Street?

Chinna Thottam 3rd Street is classified as Residential Class II Type - I.

What are the other streets in Ward - H with the same guideline value?

Other streets in Ward - H with the same guideline value of Rs 880 per sq.ft include Chinna Thottam 2nd Street, Chinna Thottam Mainroad, Chinna Thottam 1st Street, and Chinna Thottam.

Where can I find the Sub Registrar Office for Chinna Thottam 3rd Street?

The Sub Registrar Office covering Chinna Thottam 3rd Street is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.