Guideline Value for COLONY MARIYAMMAN KOVIL STREET

Colony Mariyamman Kovil Street guideline value

The current guideline value of Colony Mariyamman Kovil Street is Rs 709 per sq.ft. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class III Type - I.

How the guideline value of Colony Mariyamman Kovil Street has changed

The guideline value for Colony Mariyamman Kovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then changed to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 400 per sq.ft, and the most recent revision in 2024 set it at Rs 709 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, significant changes were observed. From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was even more pronounced at 77%. Overall, from 2012 to 2024, the guideline value has increased by 77%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value in this area is Rs 711 per sq.ft, making Colony Mariyamman Kovil Street's 2024 figure below that median.

• Christian Colony: Rs 708 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 Colony Mariyamman Kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,09,000. The stamp duty at 7% would be Rs 49,630, and the registration fee at 2% would be Rs 14,180, bringing the total to Rs 63,810. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Colony Mariyamman Kovil Street?

The Sub Registrar Office that covers Colony Mariyamman Kovil Street is the Tiruppur Joint II 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 Velampalayam

The guideline value is a crucial component in the registration process for property transactions in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the registration reflects the value of the property accurately. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Colony Mariyamman Kovil Street?

The current guideline value of Colony Mariyamman Kovil Street is Rs 709 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 400 per sq.ft in 2012 to Rs 709 per sq.ft in 2024, reflecting an overall increase of 77%.

What is the land classification for Colony Mariyamman Kovil Street?

Colony Mariyamman Kovil Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Colony Mariyamman Kovil Street is the Tiruppur Joint II Sub Registrar Office, 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 guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,09,000 would incur a stamp duty of Rs 49,630 at 7%.