Guideline Value

Corporate

Guideline Value for CHANDRA COLONY

₹840/sq.ft.

The guideline value for Chandra Colony in Ward - D village (Tiruppur Joint I SRO, Coimbatore zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward - D

Village

Tiruppur Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹605 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960088
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Chandra Colony

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Chandra Colony guideline value

The current guideline value of Chandra Colony, located in Ward - D village, is Rs 840 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Chandra Colony has changed

The guideline value of Chandra Colony has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 840 per sq.ft, an increase from Rs 750 per sq.ft in 2023, reflecting a change of +12%. Prior to that, in 2017, the value was Rs 502 per sq.ft, indicating a significant increase of +49% to the 2023 figure. The 2012 revision also showed a value of Rs 750 per sq.ft, which was a decrease of -33% from the 2017 figure. The 2007 revision had set the value at Rs 605 per sq.ft, marking an increase of +24% from the 2007 figure to the 2012 figure. Overall, from 2007 to 2024, the guideline value has increased by +39%.

It is important to note that the register has no figure for Chandra Colony for the years 2002 and 2003. Thus, the changes in guideline value have been documented from 2007 onwards.

Guideline values in Ward - D

In Ward - D under the Tiruppur Joint I SRO, there are 75 streets with 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's 2024 figure is below this median.

Stamp duty and registration fee for property in Chandra Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, resulting in a total cost of Rs 75,600. 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 Chandra Colony?

The Sub Registrar Office that covers Chandra Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Ward - D. It serves as a benchmark for determining the stamp duty and registration fees applicable when registering a property sale. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the appropriate tax obligations. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chandra Colony?

The current guideline value of Chandra Colony 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, showing an overall increase of +39% over the years.

What is the land classification of Chandra Colony?

Chandra Colony is classified as Residential Class IV Type - I under the guideline value register.

Where can I find the registration office for Chandra Colony?

The registration office for Chandra Colony 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?

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 at Rs 840 per sq.ft, the stamp duty would be Rs 58,800.