Guideline Value for Chitthaiyan Nagar - Kattu Kottai

Chitthaiyan Nagar - Kattu Kottai guideline value

The current guideline value of Chitthaiyan Nagar - Kattu Kottai is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Nerinjipettai village and falls under the Ammapettai_Erode SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Chitthaiyan Nagar - Kattu Kottai has changed

The guideline value for Chitthaiyan Nagar - Kattu Kottai has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 20 per sq.ft. This figure increased to Rs 31 per sq.ft in 2007, followed by a substantial rise to Rs 100 per sq.ft in 2012. In 2017, it further increased to Rs 67 per sq.ft, and then saw a significant jump to Rs 200 per sq.ft in 2023. However, the latest revision in 2024 shows a decrease to Rs 100 per sq.ft. The register has no figure for this street in 2002.

Looking at the changes between these revisions, from 2003 to 2007, the guideline value increased by 55%. The jump from 2007 to 2012 was even more pronounced, at 223%. However, from 2012 to 2017, there was a decline of 33%. The most notable change occurred between 2017 and 2023, where the value surged by 199%. Finally, the transition from 2023 to 2024 resulted in a decrease of 50%.

Guideline values in Nerinjipettai

Nerinjipettai has a total of 36 streets under the Ammapettai_Erode SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 225 per sq.ft. The guideline value for Chitthaiyan Nagar - Kattu Kottai is below this median.

• Chitthaiyan Nagar: Rs 150 per sq.ft (2024)
• Chinnapallam: Rs 200 per sq.ft (2024)
• Chen Street: Rs 250 per sq.ft (2024)
• Car Street: Rs 250 per sq.ft (2024)
• Diversion Road: Rs 200 per sq.ft (2024)
• Gori Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Chitthaiyan Nagar - Kattu Kottai

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. 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 Chitthaiyan Nagar - Kattu Kottai?

The Sub Registrar Office that covers Chitthaiyan Nagar - Kattu Kottai is the Ammapettai_Erode Sub Registrar Office, located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone. To find more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nerinjipettai. It determines the base value for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is referenced to ascertain the appropriate fees. This ensures that both the buyer and seller are aware of the legal obligations and costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Chitthaiyan Nagar - Kattu Kottai?

The current guideline value for Chitthaiyan Nagar - Kattu Kottai is Rs 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 20 per sq.ft in 2003 to Rs 100 per sq.ft in 2024, with various increases and decreases in between, including a peak of Rs 200 per sq.ft in 2023.

What is the median guideline value in Nerinjipettai?

The median guideline value in Nerinjipettai is Rs 225 per sq.ft, with values for various streets ranging from Rs 100 to Rs 300 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees amount to Rs 9,000.

Where can I find the Sub Registrar Office for Chitthaiyan Nagar - Kattu Kottai?

The Sub Registrar Office for Chitthaiyan Nagar - Kattu Kottai is located at Veterinary Hospital Street, Ammapettai, Anthiyur Tk, Erode Dt-638311, Coimbatore registration zone.