Guideline Value

Corporate

Guideline Value for CHELLAMMAL COLONY 2ND STREET

₹770/sq.ft.

The guideline value for Chellammal Colony 2nd 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 2nd Street

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Chellammal Colony 2nd Street guideline value

The current guideline value of Chellammal Colony 2nd Street is Rs 770 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Velampalayam village under the Tiruppur Joint II SRO, with a land classification of Mixed Type - II.

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

The guideline value for Chellammal Colony 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the latest revision in 2024 has raised it to Rs 770 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. Chellammal Colony 2nd Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Chellammal Colony 2nd 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 to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chellammal Colony 2nd Street?

The Chellammal Colony 2nd Street falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an important reference for property transactions in Velampalayam. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When registering a property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in standardizing property values across the region, making it easier for buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Chellammal Colony 2nd 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office handles registrations for Chellammal Colony 2nd Street?

The Tiruppur Joint II Sub Registrar Office handles registrations for Chellammal Colony 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Chellammal Colony 2nd Street?

The land classification for Chellammal Colony 2nd Street is Mixed Type - II.