Guideline Value for CHINNA THOTTAM

Chinna Thottam guideline value

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

How the guideline value of Chinna Thottam has changed

The guideline value for Chinna Thottam 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. However, it then decreased to Rs 536 per sq.ft in 2017. The value saw a significant rise to Rs 800 per sq.ft in 2023, followed by a further increase to the current rate of Rs 880 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2012 to 2017 reflected a decrease of 33%, while the period from 2007 to 2012 saw an increase of 108%. Overall, from 2007 to 2024, the guideline value has risen by 129%.

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 these streets is Rs 990 per sq.ft, placing Chinna Thottam's 2024 figure below that median.

• Chinna Thottam 1st Street: 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

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 to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chinna Thottam?

The Chinna Thottam area 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 an essential factor when registering property in Ward - H. It determines the amount of stamp duty and registration fees payable, which are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. It is crucial for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Chinna Thottam?

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

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Previous revisions took place in 2023, 2017, 2012, and 2007.

What was the guideline value in 2017?

The guideline value of Chinna Thottam in 2017 was Rs 536 per sq.ft.

What are the stamp duty rates for property in Chinna Thottam?

The stamp duty for property transactions in Chinna Thottam is charged at 7% of the guideline value or sale price, whichever is higher.

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

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