Guideline Value for DASARA THOTTAM

Dasara Thottam guideline value

The current guideline value of Dasara Thottam is Rs 1,455 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Dasara Thottam has changed

The guideline value of Dasara Thottam has seen several revisions over the years. The 2007 revision set the value at Rs 740 per sq.ft, which increased to Rs 1,300 per sq.ft in 2012. However, this value dropped by 33% to Rs 871 per sq.ft in 2017. The 2023 revision raised the value significantly to Rs 1,300 per sq.ft, and the latest 2024 revision has further increased it to Rs 1,455 per sq.ft, marking a 12% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 97%. It is noteworthy that there are no figures for the years 2002 and 2003 in the register for this street.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value in this ward is Rs 1,120 per sq.ft, placing Dasara Thottam's 2024 figure above that median.

• G.K.R.Nagar: Rs 840 per sq.ft (2024)
• Housing Unit New Nagar (35): Rs 2,015 per sq.ft (2024)
• INDHIRA NAGAR 1ST to 3rd STREET: Rs 1,680 per sq.ft (2024)
• Jeeva Street: Rs 1,120 per sq.ft (2024)
• J.G NAGAR 1st to 5th STREET: Rs 2,015 per sq.ft (2024)
• J.G Nagar Corss Street: Rs 2,015 per sq.ft (2024)

Stamp duty and registration fee for property in Dasara Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,455 per sq.ft, the total guideline value would be Rs 14,55,000. The stamp duty at 7% would amount to Rs 1,01,850, and the registration fee at 2% would be Rs 29,100, bringing the total to Rs 1,30,950. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Dasara Thottam?

The Dasara Thottam area is covered by the Tiruppur Joint I Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ward - C. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these costs.

When a property is registered, the guideline value will be used to assess the applicable fees, ensuring that both parties are clear on the financial implications of the transaction. It is essential to stay updated with the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dasara Thottam?

The current guideline value of Dasara Thottam is Rs 1,455 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 1,300 per sq.ft in 2023 and then by 12% to Rs 1,455 per sq.ft in 2024.

What is the registration office for Dasara Thottam?

The registration office covering Dasara Thottam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.

How is the stamp duty calculated for properties in Dasara Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 14,55,000 would incur a stamp duty of Rs 1,01,850 at 7%.

What are the guideline values for other streets in Ward - C?

Other streets in Ward - C have varying guideline values, ranging from Rs 840 to Rs 4,480 per sq.ft. For instance, G.K.R.Nagar has a value of Rs 840 per sq.ft, while Housing Unit New Nagar (35) is valued at Rs 2,015 per sq.ft.