Guideline Value for COLLEGE ROAD 40 FEET

College Road 40 Feet guideline value

The current guideline value of College Road 40 Feet is Rs 2,615 per sq.ft, effective from 1 July 2024. This property is located in Ward - B village under the Tiruppur Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of College Road 40 Feet has changed

The guideline value for College Road 40 Feet has seen several revisions over the years. In the 2012 revision, the value was Rs 2,300 per sq.ft, which decreased to Rs 1,565 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,336 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 2,615 per sq.ft, marking a 12% increase from the previous year.

Other revisions for this street are as follows: the 2007 revision set the value at Rs 1,995 per sq.ft, and the 2012 revision was Rs 2,300 per sq.ft. 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 a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median of Rs 1,120 per sq.ft. The guideline value of College Road 40 Feet is above this median.

• COLLEGE ROAD 1ST to 8th CROSS STREET: Rs 1,120 per sq.ft (2024)
• College Road 1-8 Th Street: Rs 1,120 per sq.ft (2024)
• C.K.P Nagar: Rs 840 per sq.ft (2024)
• Chinnagoundampalayam (Bharathi Nagar): Rs 840 per sq.ft (2024)
• E.R.P Layout: Rs 840 per sq.ft (2024)
• E.R.P.Layout (Postal Colony)murungapalayam: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in College Road 40 Feet

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 26,15,000. The stamp duty at 7% amounts to Rs 1,83,050, and the registration fee at 2% is Rs 52,300, making the total Rs 2,35,350. 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 more details.

Which Sub Registrar Office covers College Road 40 Feet?

The College Road 40 Feet 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ward - B. It determines the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it helps in determining the legal and financial implications during property transactions. This value is regularly updated to reflect changes in the real estate market, ensuring that it remains relevant.

Frequently asked questions

What is the current guideline value of College Road 40 Feet?

The current guideline value of College Road 40 Feet is Rs 2,615 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,995 per sq.ft in 2007 to Rs 2,615 per sq.ft in 2024, reflecting an overall increase of 31% over the years.

What is the land classification for College Road 40 Feet?

College Road 40 Feet is classified as Residential Class I Type - III.

Where can I find the registration office for College Road 40 Feet?

The registration office for College Road 40 Feet is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in College Road 40 Feet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,35,350.