Guideline Value for Best People Colony

Best People Colony guideline value

The current guideline value of Best People Colony is Rs 1,009 per sq.ft, effective from 1 July 2024. This area is located in Thudiyalur village under the Periyanayakkan Palayam SRO and is classified as Residential Class III Type - II.

How the guideline value of Best People Colony has changed

The guideline value for Best People Colony has seen significant changes over the years. In 2012, the value was Rs 150 per sq.ft, which decreased to Rs 100 per sq.ft in 2017. The value then increased dramatically to Rs 1,000 per sq.ft in 2023, marking a 900% increase from 2017. The most recent revision in 2024 set the value at Rs 1,009 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 573%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft, with a median value of Rs 1,019 per sq.ft. The guideline value of Best People Colony is below this median.

• Bharathi Nagar: Rs 1,018 per sq.ft (2024)
• Balasubramaniya Nagar: Rs 1,019 per sq.ft (2024)
• Bharathiyar Street: Rs 1,014 per sq.ft (2024)
• Balaji Nagar (Ward No.16): Rs 1,020 per sq.ft (2024)
• Balaji Nagar (Appanaickenpalayam): Rs 1,020 per sq.ft (2024)
• Balaji Nagar: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Best People Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,009 per sq.ft, the total guideline value would be Rs 10,09,000. The stamp duty at 7% would amount to Rs 70,630, and the registration fee at 2% would be Rs 20,180, resulting in a total of Rs 90,810. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Best People Colony?

The Best People Colony falls under the jurisdiction of the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thudiyalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Best People Colony?

The current guideline value of Best People Colony is Rs 1,009 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 150 per sq.ft in 2012 to Rs 1,009 per sq.ft in 2024, marking an overall increase of 573% over this period.

What are the stamp duty and registration fees for property in Best People Colony?

For a property valued at Rs 10,09,000, the stamp duty would be Rs 70,630 and the registration fee would be Rs 20,180, totaling Rs 90,810.

Which office handles property registration in Best People Colony?

The Periyanayakkan Palayam Sub Registrar Office handles property registration for Best People Colony, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher value between the guideline and sale price is considered for fee calculations.