Guideline Value for CO-OPERATIVE COLONY

Co-Operative Colony guideline value

The current guideline value of Co-Operative Colony in Anaimalai Hills village, under the Anaimalai SRO, is Rs 450 per sq.ft, effective from 1 July 2024. This area falls under the Commercial Class I Type - I land classification.

How the guideline value of Co-Operative Colony has changed

The guideline value for Co-Operative Colony has undergone several revisions over the years. The earliest available figure is from 2003, which was Rs 172 per sq.ft. This increased to Rs 205 per sq.ft in 2007, followed by a significant jump to Rs 450 per sq.ft in 2012. However, there was a decrease to Rs 301 per sq.ft in 2017. The value remained at Rs 450 per sq.ft in both 2023 and the current 2024 revision, indicating no change between these two years. The register has no figure for this street in 2002.

From 2012 to 2017, the guideline value decreased by 33%. In contrast, from 2017 to 2023, it increased by 50%. The overall increase from 2003 to 2024 is 162%, reflecting the changes in the guideline value over the years.

Guideline values in Anaimalai Hills

Anaimalai Hills village has a total of 121 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 450 per sq.ft. The median value for these streets is Rs 300 per sq.ft, making the Co-Operative Colony's 2024 figure above that median.

• Chinkona Lower Division: Rs 300 per sq.ft (2024)
• CHINKONA 8th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 6th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 4th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 3rd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 2nd DIVISION: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Co-Operative Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Co-Operative Colony?

The Co-Operative Colony falls under the jurisdiction of the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anaimalai Hills. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price as per government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Co-Operative Colony?

The current guideline value of Co-Operative Colony is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 172 per sq.ft in 2003 to Rs 450 per sq.ft in 2024, with various revisions occurring in between.

What is the median guideline value in Anaimalai Hills?

The median guideline value for the streets in Anaimalai Hills is Rs 300 per sq.ft, with Co-Operative Colony's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Co-Operative Colony?

For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 and the registration fee would be Rs 9,000, totaling Rs 40,500.

Which office handles the registration for Co-Operative Colony?

The registration for Co-Operative Colony is handled by the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.