Guideline Value for CENTRAL PHASE I

Central Phase I guideline value

The current guideline value for Central Phase I is Rs 4,480 per sq.ft, effective from 1 July 2024. This area is located in WARD - i under the Tiruppur Joint II SRO and is classified as Mixed Special Type - I.

How the guideline value of Central Phase I has changed

Over the years, the guideline value for Central Phase I has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 4,480 per sq.ft, an increase from Rs 4,000 per sq.ft in 2023, marking a change of +12%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value was Rs 4,000 per sq.ft. The previous revisions do not have figures available for this street, and thus, no comparisons can be made for those years.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Central Phase I's 2024 figure above that median.

• Fire Service Workers Colony: Rs 880 per sq.ft (2024)
• Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• GANDHI NAGAR 1st STREET: Rs 1,100 per sq.ft (2024)
• GANDHI NAGAR 2nd STREET: Rs 1,100 per sq.ft (2024)
• GANDHI NAGAR 3rd STREET: Rs 1,100 per sq.ft (2024)
• GANDHI NAGAR 4th STREET: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Central Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 4,480 per sq.ft, the total guideline value amounts to Rs 44,80,000. The stamp duty at 7% would be Rs 3,13,600, and the registration fee at 2% would be Rs 89,600, together amounting to Rs 4,03,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Central Phase I?

The Sub Registrar Office that covers Central Phase I is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in WARD - i

The guideline value is a critical factor in the registration process for property transactions in WARD - i. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Central Phase I?

The current guideline value for Central Phase I is Rs 4,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 4,000 per sq.ft in 2023 to Rs 4,480 per sq.ft in 2024, which is a change of +12%.

What is the land classification for Central Phase I?

Central Phase I is classified as Mixed Special Type - I under the land classification system.

Where can I find the Sub Registrar Office for Central Phase I?

The Sub Registrar Office for Central Phase I is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Central Phase I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 44,80,000, leading to a stamp duty of Rs 3,13,600.