Guideline Value for CHELLAMMAL COLONY 5TH STREET

Chellammal Colony 5th Street guideline value

The current guideline value of Chellammal Colony 5th Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Mixed Type - II land.

How the guideline value of Chellammal Colony 5th Street has changed

The guideline value for Chellammal Colony 5th Street has undergone several revisions over the years. The earliest available figure is from 2012, where it was Rs 700 per sq.ft. In 2017, the value decreased to Rs 469 per sq.ft, reflecting a drop of 33%. However, by 2023, the value increased significantly to Rs 700 per sq.ft, and in the latest revision for 2024, it rose again to Rs 770 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Velampalayam

In Velampalayam, there are 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, placing Chellammal Colony 5th Street's current value above the median.

• Chellammal Colony 4th Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 3rd Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 2nd Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 1st Street: Rs 770 per sq.ft (2024)
• Chellammal Colony: Rs 770 per sq.ft (2024)
• Chandhira Vadhana: Rs 890 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Colony 5th 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 cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellammal Colony 5th Street?

The Sub Registrar Office that covers Chellammal Colony 5th Street is 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 information.

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

The guideline value is a crucial factor when registering a property in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. These fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chellammal Colony 5th Street?

The current guideline value of Chellammal Colony 5th 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 increased 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 5th Street?

Chellammal Colony 5th Street is classified as Mixed Type - II land under the Tiruppur Joint II SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000, leading to a stamp duty of Rs 53,900 and a registration fee of Rs 15,400.

Where can I find the Sub Registrar Office for Chellammal Colony 5th Street?

The Sub Registrar Office for Chellammal Colony 5th Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.