Guideline Value for CHINNA THOTTAM MAINROAD

Chinna Thottam Mainroad guideline value

The current guideline value of Chinna Thottam Mainroad 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 Mainroad has changed

The guideline value for Chinna Thottam Mainroad has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, the value saw a significant increase in the following revisions, reaching Rs 800 per sq.ft in 2023 and Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO that carry 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, which means that the guideline value for Chinna Thottam Mainroad is below this median.

• Chinna Thottam 3rd Street: Rs 880 per sq.ft (2024)
• Chinna Thottam 2nd Street: 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 Mainroad

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinna Thottam Mainroad?

The Sub Registrar Office that covers Chinna Thottam Mainroad is 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 when registering property transactions in Ward - H. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Chinna Thottam Mainroad?

The current guideline value of Chinna Thottam Mainroad 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 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the median guideline value in Ward - H?

The median guideline value in Ward - H is Rs 990 per sq.ft, with Chinna Thottam Mainroad's value being below this median.

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

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

Which office handles property registrations for Chinna Thottam Mainroad?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Chinna Thottam Mainroad, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.