Guideline Value for Chinna thottam Street

Chinna thottam Street guideline value

The current guideline value of Chinna thottam Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class II Type - I.

How the guideline value of Chinna thottam Street has changed

The guideline value for Chinna thottam Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 875 per sq.ft, which decreased to Rs 586 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 71%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, reflecting no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for Chinna thottam Street. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Uppilipalayam

In Uppilipalayam village, there are 361 streets under the Singanallur SRO with a guideline value for 2024 ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, which means that Chinna thottam Street's 2024 figure is below this median.

• Chinna Street: Rs 1,005 per sq.ft (2024)
• Chinna samy Layout: Rs 1,232 per sq.ft (2024)
• Chinnappa Street1,2: Rs 1,120 per sq.ft (2024)
• Chitra colony 1,2: Rs 1,120 per sq.ft (2024)
• Chitra gardens: Rs 1,232 per sq.ft (2024)
• Chinna Karuppa Gounder street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna thottam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chinna thottam Street?

The Sub Registrar Office covering Chinna thottam Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Chinna thottam Street?

The current guideline value of Chinna thottam Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 875 per sq.ft in 2012 to Rs 586 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024.

What is the median guideline value for streets in Uppilipalayam?

The median guideline value for streets in Uppilipalayam is Rs 1,232 per sq.ft, while Chinna thottam Street's 2024 figure is below this median.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value and the sale price of the property. For example, a property valued at Rs 10,01,000 would incur a stamp duty of Rs 70,070 and a registration fee of Rs 20,020.