Guideline Value for CHANDRA COLONY

Chandra Colony guideline value

The current guideline value of Chandra Colony, located in Chettipalayam village, is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Mixed Special Type - II.

How the guideline value of Chandra Colony has changed

Over the years, the guideline value of Chandra Colony has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 75% to Rs 705 per sq.ft, which has remained unchanged through the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 18% in the guideline value.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 703 per sq.ft, placing Chandra Colony's 2024 figure above that median.

• Chettipalayam: Rs 703 per sq.ft (2024)
• Chinnasamy Colony: Rs 700 per sq.ft (2024)
• Chinthu Nagar: Rs 703 per sq.ft (2024)
• Bishmi Nagar: Rs 703 per sq.ft (2024)
• Birla Nagar: Rs 703 per sq.ft (2024)
• Balu Innovesan: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, making the total cost for these fees Rs 63,450. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Chandra Colony?

The Chandra Colony area is covered by the Tiruppur Joint I 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chandra Colony?

The current guideline value of Chandra Colony is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 705 per sq.ft in 2023 and has remained the same in 2024.

What are the stamp duty and registration fees in Chandra Colony?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 63,450.

Which office handles property registrations in Chandra Colony?

The Tiruppur Joint I Sub Registrar Office handles property registrations in Chandra Colony, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Chandra Colony?

Chandra Colony is classified as Mixed Special Type - II, which influences its guideline value and property regulations.