Guideline Value for COLLEGE ROAD

College Road guideline value

The current guideline value of College Road is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village under the Tiruppur Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of College Road has changed

The guideline value for College Road has undergone several revisions over the years. In 2007, the value was Rs 525 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 800 per sq.ft in 2023, and most recently, it has increased to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, decreased by 33% from 2012 to 2017, and increased by 52% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 68%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 709 per sq.ft, placing College Road's 2024 figure above that median.

• College Road Railway line wasteland: Rs 701 per sq.ft (2024)
• C.K.P Nagar: Rs 705 per sq.ft (2024)
• C.K.P Layout: Rs 705 per sq.ft (2024)
• Chetti Thottam: Rs 707 per sq.ft (2024)
• Duvaragai Nagar: Rs 706 per sq.ft (2024)
• Duvaragai Nagar 2nd Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in College Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers College Road?

The Sub Registrar Office covering College Road is 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 Ward - A

The guideline value plays a crucial role during property registration in Ward - A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded at a value that reflects the current market conditions as per the official register.

When you are buying or selling property, the guideline value helps both the buyer and seller understand the minimum value for which the property can be registered. This value is essential for calculating the associated costs and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of College Road?

The current guideline value of College Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 525 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of College Road?

College Road is classified as Mixed Type - I land under the Tiruppur Joint II SRO.

What is the registration office for College Road?

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

How is stamp duty calculated for properties in College Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.