Guideline Value for CHITHI BOOMI

Chithi Boomi guideline value

The current guideline value of Chithi Boomi is Rs 2,200 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint II SRO and is classified as Commercial Special Type - I.

How the guideline value of Chithi Boomi has changed

Over the years, the guideline value of Chithi Boomi has seen several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. However, from 2017 to 2023, the guideline value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 706 per sq.ft, placing Chithi Boomi's 2024 figure above that median.

• Chinnappa Layout: Rs 708 per sq.ft (2024)
• Chenniyappa Nagar: Rs 708 per sq.ft (2024)
• Devaraj Nagar: Rs 704 per sq.ft (2024)
• Devendra Street: Rs 707 per sq.ft (2024)
• Chairman Kandasamy Nagar: Rs 880 per sq.ft (2024)
• Gayathri Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chithi Boomi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, which is Rs 1,54,000, and the registration fee is 2%, amounting to Rs 44,000. Together, these fees total Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Chithi Boomi?

The Sub Registrar Office that covers Chithi Boomi 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - F. It serves as the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Additionally, the guideline value helps in determining the market dynamics in the area, influencing various aspects of property transactions. Understanding the guideline value is essential for anyone looking to engage in real estate activities in Chithi Boomi.

Frequently asked questions

What is the current guideline value of Chithi Boomi?

The current guideline value of Chithi Boomi is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Chithi Boomi?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Chithi Boomi?

The Tiruppur Joint II Sub Registrar Office handles registrations for Chithi Boomi, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as a benchmark for determining the minimum value of properties in the area.