Guideline Value for BARPAR COLONY

Barpar Colony guideline value

The current guideline value of Barpar Colony, located in Thondamuthur village under the Thondamuthur SRO, is Rs 335 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Barpar Colony has changed

The guideline value for Barpar Colony has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 300 per sq.ft, and in the latest revision for 2024, it rose again to Rs 335 per sq.ft, reflecting a 12% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the values from 2012 to 2024, there has been a net increase of 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thondamuthur

In Thondamuthur, there are 51 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 670 per sq.ft. The median value is Rs 335 per sq.ft, which is equal to the current guideline value of Barpar Colony.

• Bharathi Colony: Rs 335 per sq.ft (2024)
• BAJANAI KOVIL St: Rs 335 per sq.ft (2024)
• Ayyen Nagar: Rs 335 per sq.ft (2024)
• Attukkal Pakuthi: Rs 335 per sq.ft (2024)
• Arijana Colony Vandikaranur: Rs 220 per sq.ft (2024)
• Arijana Colony Thoguppu Veedu: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Barpar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value would be Rs 3,35,000. The stamp duty at 7% would amount to Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total cost for these fees to Rs 30,150. 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 Barpar Colony?

The Sub Registrar Office that covers Barpar Colony is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thondamuthur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they meet the legal requirements for property registration.

When a property is sold, the guideline value is taken into consideration to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that both parties are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Barpar Colony?

The current guideline value of Barpar Colony is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 335 per sq.ft in 2024.

What is the land classification for Barpar Colony?

Barpar Colony falls under the Residential Class I Type - II land classification.

Where can I find the Thondamuthur Sub Registrar Office?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108.

How is the stamp duty calculated for property in Barpar Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,35,000, the stamp duty would be Rs 23,450.