Guideline Value for CHERAN LABOUR COLONY

Cheran Labour Colony guideline value

The current guideline value of Cheran Labour Colony, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 708 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Cheran Labour Colony has changed

The guideline value for Cheran Labour Colony has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 300 per sq.ft. This figure remained the same in the 2012 revision and then increased to Rs 201 per sq.ft in the 2017 revision. Following this, the 2023 revision saw a significant increase to Rs 300 per sq.ft, and the latest revision in 2024 has raised it to Rs 708 per sq.ft.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, and then by 136% from 2023 to 2024. Overall, from 2012 to 2024, the increase is 136%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 896 per sq.ft, with a median value of Rs 700 per sq.ft. Cheran Labour Colony's current guideline value is above this median.

• Cheran Nagar: Rs 700 per sq.ft (2024)
• Cheran Tholilalar Colony: Rs 708 per sq.ft (2024)
• Captain Nagar: Rs 700 per sq.ft (2024)
• Deivam Nagar: Rs 700 per sq.ft (2024)
• Dhanakkamparaikkadu: Rs 700 per sq.ft (2024)
• Dharapuram Road (Beyond Kovil Vazhi): Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Labour Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, and the registration fee at 2% would be Rs 14,160, making the total fees Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cheran Labour Colony?

Cheran Labour Colony falls under the Tiruppur Joint I 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 Muthanampalayam

The guideline value is a crucial factor in property transactions in Muthanampalayam. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Cheran Labour Colony?

The current guideline value of Cheran Labour Colony is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 708 per sq.ft in 2024.

What is the land classification for Cheran Labour Colony?

The land classification for Cheran Labour Colony is Residential Special Type - II.

Which Sub Registrar Office covers the area?

The Tiruppur Joint I Sub Registrar Office covers Cheran Labour Colony, 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. For example, for a property valued at Rs 7,08,000, the stamp duty would be Rs 49,560 at 7%.