Guideline Value

Corporate

Guideline Value for CHELLAMMAL COLONY 1ST STREET

₹770/sq.ft.

The guideline value for Chellammal Colony 1st Street in Velampalayam village (Tiruppur Joint Ii SRO, Coimbatore zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Velampalayam

Village

Tiruppur Joint II

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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.
0421-2960035
[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 Chellammal Colony 1st Street

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Chellammal Colony 1st Street guideline value

The current guideline value of Chellammal Colony 1st Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village and falls under the Tiruppur Joint II SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Chellammal Colony 1st Street has changed

Over the years, the guideline value of Chellammal Colony 1st Street has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which was later adjusted to Rs 469 per sq.ft in the 2017 revision. Following this, the guideline value increased to Rs 700 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 770 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Velampalayam

In Velampalayam, there are a total of 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value in this area is Rs 711 per sq.ft, making the current value of Chellammal Colony 1st Street above this median.

Stamp duty and registration fee for property in Chellammal Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellammal Colony 1st Street?

The Sub Registrar Office that covers Chellammal Colony 1st Street 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Velampalayam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in assessing the appropriate charges for registration, providing transparency in real estate transactions. Buyers and sellers should 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 Chellammal Colony 1st Street?

The current guideline value of Chellammal Colony 1st Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Chellammal Colony 1st Street?

The land classification for Chellammal Colony 1st Street is Mixed Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Chellammal Colony 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.