Guideline Value for Chettiyar Thottam

Chettiyar Thottam guideline value

The current guideline value of Chettiyar Thottam is Rs 770 per sq.ft, effective from 1 July 2024. This village is located in Dharapuram Ward 7 under the Dharapuram SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Chettiyar Thottam has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure remained the same until the 2017 revision, when it decreased to Rs 469 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 700 per sq.ft, followed by a further rise to Rs 770 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Dharapuram Ward 7

In Dharapuram Ward 7, there are 52 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 1,820 per sq.ft, with a median value of Rs 1,330 per sq.ft. The guideline value for Chettiyar Thottam is below this median.

• Chenniyappa Nagar (Utumalai Road): Rs 1,820 per sq.ft (2024)
• Bye Bass Road: Rs 1,820 per sq.ft (2024)
• College Road (Housing Unit House Site): Rs 770 per sq.ft (2024)
• Dhanalakshmi Nagar (Thatchamputhur Road): Rs 770 per sq.ft (2024)
• Doctor Queaters: Rs 770 per sq.ft (2024)
• Ellies Nagar C.S.I.Compound east: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiyar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chettiyar Thottam?

The Sub Registrar Office that covers Chettiyar Thottam is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Dharapuram Ward 7

The guideline value is a crucial factor in property transactions in Dharapuram Ward 7. It is used to determine the stamp duty and registration fees that need to be paid when registering a property.

When buying or selling property, the guideline value serves as a benchmark for the transaction price, ensuring that the appropriate fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Chettiyar Thottam?

The current guideline value of Chettiyar Thottam is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What is the stamp duty rate for properties in Chettiyar Thottam?

The stamp duty rate for properties in Chettiyar Thottam is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chettiyar Thottam located?

The Sub Registrar Office for Chettiyar Thottam is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

What is the land classification for Chettiyar Thottam?

Chettiyar Thottam falls under the Residential Class I Type - III land classification, which is relevant for determining the guideline value and other regulatory aspects.