Guideline Value for CHANDRA COLONY 2ND STREET

Chandra Colony 2nd Street guideline value

The current guideline value of Chandra Colony 2nd Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in Ward - D village under the Tiruppur Joint I SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Chandra Colony 2nd Street has changed

The guideline value for Chandra Colony 2nd Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 605 per sq.ft. This increased to Rs 750 per sq.ft in 2012, followed by a decrease to Rs 502 per sq.ft in 2017. The value then rose significantly to Rs 750 per sq.ft in 2023, before reaching the current rate of Rs 840 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The jump from 2023 to 2024 reflects a 12% rise. Overall, from 2007 to 2024, the guideline value has increased by 39%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ward - D

In Ward - D, there are 75 streets that have a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,455 per sq.ft. Chandra Colony 2nd Street's 2024 guideline value is below this median.

• Chandra Colony 1st Street: Rs 840 per sq.ft (2024)
• Chandra Colony: Rs 840 per sq.ft (2024)
• Chenguttuvan Sandhu: Rs 840 per sq.ft (2024)
• Cotton Mill Road: Rs 1,455 per sq.ft (2024)
• COTTON MILL ROAD 1st to 3rd STREET: Rs 1,455 per sq.ft (2024)
• ELANGO NAGAR 1st to 5th CROSS STREET: Rs 1,455 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Colony 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chandra Colony 2nd Street?

The Chandra Colony 2nd Street 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 additional assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ward - D. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the registration department. This process aids in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Chandra Colony 2nd Street?

The current guideline value of Chandra Colony 2nd Street is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, with several revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the registration office for Chandra Colony 2nd Street?

The registration office for Chandra Colony 2nd Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Chandra Colony 2nd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,40,000 would incur a stamp duty of Rs 58,800 at 7%.

What is the land classification of Chandra Colony 2nd Street?

Chandra Colony 2nd Street falls under the Residential Class IV Type - I land classification.