Guideline Value for CHRISTIAN COLONY

Christian Colony guideline value

The current guideline value of Christian Colony, located in Velampalayam village under the Tiruppur Joint II SRO, is Rs 708 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified under Residential Class III Type - II.

How the guideline value of Christian Colony has changed

The guideline value for Christian Colony has seen several revisions over the years. In 2012, the guideline value was Rs 375 per sq.ft. This figure remained the same in the 2012 revision. However, in 2017, it decreased to Rs 251 per sq.ft, marking a decline of 33%. The value then increased to Rs 375 per sq.ft in the 2023 revision, which was a 49% rise from 2017. The most recent revision in 2024 set the guideline value at Rs 708 per sq.ft, reflecting an increase of 89% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 89%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry 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. The guideline value for Christian Colony is below this median.

• Colony Mariyamman Kovil Street: Rs 709 per sq.ft (2024)
• Deiveega Nagar: Rs 716 per sq.ft (2024)
• Deiveega Nagar Extension: Rs 709 per sq.ft (2024)
• Chettiar Street: Rs 708 per sq.ft (2024)
• Chellammal Colony 5th Street: Rs 770 per sq.ft (2024)
• Chellammal Colony 4th Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Christian Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, bringing the total to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Christian Colony?

The Christian Colony area falls under 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 is a crucial factor in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the value of the property for stamp duty and registration fees.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Christian Colony?

The current guideline value of Christian 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 375 per sq.ft in 2012 to Rs 708 per sq.ft in 2024. Notably, it decreased to Rs 251 per sq.ft in 2017 before increasing significantly in the following years.

What is the land classification of Christian Colony?

Christian Colony is classified under Residential Class III Type - II, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Christian Colony?

The Sub Registrar Office covering Christian Colony is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the stamp duty and registration fees for properties in Christian Colony?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 63,720 in fees.