Guideline Value for Chetti Thottam

Chetti Thottam guideline value

The current guideline value of Chetti Thottam is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village and falls under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of Chetti Thottam has changed

Looking at the revisions, the guideline value for Chetti Thottam was Rs 800 per sq.ft in 2012. It increased to Rs 536 per sq.ft in 2017, which was a decrease of 33%. From 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, reflecting an increase of 87%. The current guideline value remains the same at Rs 1,000 per sq.ft from the 2023 revision to the 2024 revision, showing no change.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, positioning Chetti Thottam's 2024 figure below the median.

• Chettiar Thottam: Rs 1,000 per sq.ft (2024)
• Chettiar Nagar: Rs 1,870 per sq.ft (2024)
• Chinnasamy Gounder Street: Rs 1,000 per sq.ft (2024)
• Central Excise Colony: Rs 1,870 per sq.ft (2024)
• Cellarium Aahana: Rs 1,565 per sq.ft (2024)
• CHOLAN NAGAR Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chetti Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 details.

Which Sub Registrar Office covers Chetti Thottam?

The Sub Registrar Office that covers Chetti Thottam is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vadavalli

The guideline value plays a crucial role during the registration of property transactions in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation rather than the negotiated sale price.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and adherence to legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Chetti Thottam?

The current guideline value of Chetti Thottam is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, starting from Rs 800 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024. The most significant change occurred between 2017 and 2023, where it increased by 87%.

What is the median guideline value in Vadavalli?

The median guideline value for streets in Vadavalli is Rs 1,100 per sq.ft for the year 2024. Chetti Thottam's guideline value is below this median.

What are the stamp duty and registration fees for Chetti Thottam?

For a property in Chetti Thottam, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 90,000.

Where is the Sub Registrar Office for Chetti Thottam located?

The Sub Registrar Office for Chetti Thottam is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles all registrations for properties in the area.