Guideline Value

Corporate

Guideline Value for COLLEGE ROAD 1ST to 8th CROSS STREET

₹1120/sq.ft.

The guideline value for College Road 1st To 8th Cross Street in Ward - B village (Tiruppur Joint I SRO, Coimbatore zone) is Rs 1120 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward - B

Village

Tiruppur Joint I

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹1120 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹890 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960088
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on College Road 1st To 8th Cross Street

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COLLEGE ROAD 1ST to 8th CROSS STREET guideline value

The current guideline value for COLLEGE ROAD 1ST to 8th CROSS STREET is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village, under the Tiruppur Joint I SRO, and is classified as Residential Class III Type - II.

How the guideline value of COLLEGE ROAD 1ST to 8th CROSS STREET has changed

In the 2007 revision, the guideline value was Rs 890 per sq.ft. It increased to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 1,000 per sq.ft, followed by another increase to Rs 1,120 per sq.ft in 2024, marking a 12% rise from the previous year.

From 2017 to 2023, the value increased by 49%. The 2012 revision to 2017 saw a decrease of 33%, while the 2007 to 2012 period had an increase of 12%. Overall, from 2007 to 2024, the guideline value has increased by 26%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO, with the 2024 guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the current guideline value of COLLEGE ROAD 1ST to 8th CROSS STREET.

Stamp duty and registration fee for property in COLLEGE ROAD 1ST to 8th CROSS STREET

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers COLLEGE ROAD 1ST to 8th CROSS STREET?

The COLLEGE ROAD 1ST to 8th CROSS STREET falls under the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial factor during the registration of property transactions in Ward - B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for pricing. If the sale price exceeds the guideline value, the stamp duty is charged on the higher amount, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for COLLEGE ROAD 1ST to 8th CROSS STREET?

The current guideline value for COLLEGE ROAD 1ST to 8th CROSS STREET is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 890 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024. The most significant increase occurred from 2017 to 2023, where it rose by 49%.

What is the land classification for COLLEGE ROAD 1ST to 8th CROSS STREET?

COLLEGE ROAD 1ST to 8th CROSS STREET is classified as Residential Class III Type - II. This classification affects the guideline value and potential uses of the property.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering COLLEGE ROAD 1ST to 8th CROSS STREET is the Tiruppur Joint I SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,20,000 would incur a stamp duty of Rs 78,400 at a rate of 7%.