Guideline Value for CHINNASAMY GOUNDER THOTTAM

Chinnasamy Gounder Thottam guideline value

The current guideline value of Chinnasamy Gounder Thottam is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward - M village under the Tiruppur Joint II SRO and is classified as Residential Class III Type - II.

How the guideline value of Chinnasamy Gounder Thottam has changed

The guideline value for Chinnasamy Gounder Thottam has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 390 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 156%. However, by 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose sharply to Rs 1,000 per sq.ft in 2023, followed by another increase to Rs 1,100 per sq.ft in 2024, representing a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 182%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward - M

In Ward - M, there are 225 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Chinnasamy Gounder Thottam.

• Chinnasamy Layout 1st Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 2nd Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 3rd Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 4th Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 5th Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layput 6th Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Gounder Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost of these fees Rs 99,000. 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 precise calculations.

Which Sub Registrar Office covers Chinnasamy Gounder Thottam?

The Sub Registrar Office that covers Chinnasamy Gounder Thottam is 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 - M

The guideline value is a crucial factor during the registration of property transactions in Ward - M. It serves as the basis for calculating the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly within the legal framework. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chinnasamy Gounder Thottam?

The current guideline value of Chinnasamy Gounder Thottam is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 390 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 182% over the years.

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

Other streets in Ward - M that share the same guideline value of Rs 1,100 per sq.ft include Chinnasamy Layout 1st Street, Chinnasamy Layout 2nd Street, Chinnasamy Layout 3rd Street, Chinnasamy Layout 4th Street, Chinnasamy Layout 5th Street, and Chinnasamy Layput 6th Street.

What are the stamp duty and registration fees for property in Chinnasamy Gounder Thottam?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value.

Which office handles the registration for Chinnasamy Gounder Thottam?

The Tiruppur Joint II Sub Registrar Office handles the registration for Chinnasamy Gounder Thottam, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.