Guideline Value for CHELLAMMAL COLONY

Chellammal Colony guideline value

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

How the guideline value of Chellammal Colony has changed

The guideline value for Chellammal Colony has seen several revisions over the years. In 2007, the value was Rs 280 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, it decreased to Rs 469 per sq.ft in 2017. The value then rose significantly to Rs 700 per sq.ft in 2023, and has now reached Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

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 value for the village is Rs 711 per sq.ft, placing Chellammal Colony's 2024 figure above this median.

• Chellammal Colony 1st Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 2nd Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 3rd Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 4th Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 5th Street: Rs 770 per sq.ft (2024)
• Chandhira Vadhana: Rs 890 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellammal Colony?

The Sub Registrar Office that covers Chellammal Colony 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 plays a crucial role in the registration process of property transactions in Velampalayam. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Chellammal Colony?

The current guideline value of Chellammal Colony 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 280 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, with Chellammal Colony's 2024 figure above this median.

What are the stamp duty and registration fees for property in Chellammal Colony?

For a plot of 1,000 sq.ft, 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, totaling Rs 69,300.

Where is the Sub Registrar Office for Chellammal Colony located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.