Guideline Value for Cadhi Colony Street 1

Cadhi Colony Street 1 guideline value

The current guideline value of Cadhi Colony Street 1 is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward - M village under the Tiruppur Joint II SRO, classified as Residential Class III Type - II.

How the guideline value of Cadhi Colony Street 1 has changed

The guideline value for Cadhi Colony Street 1 has seen several revisions over the years. In 2007, the value was Rs 695 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 58%.

Guideline values in Ward - M

In Ward - M, there are a total of 225 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 6,600 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Cadhi Colony Street 1.

• Cadhi Colony Street 2: Rs 1,100 per sq.ft (2024)
• Chennimali Gr.Industial Compound: Rs 1,100 per sq.ft (2024)
• Chettukarar Thottam: Rs 825 per sq.ft (2024)
• Chinnasamy Gounder Thottam: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 1st Street: Rs 1,100 per sq.ft (2024)
• Chinnasamy Layout 2nd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Cadhi Colony Street 1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cadhi Colony Street 1?

The Sub Registrar Office that covers Cadhi Colony Street 1 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 Ward - M

The guideline value is an essential factor in property transactions in Ward - M, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the costs associated with property transfer.

When a property is registered, the guideline value is used to assess the applicable duties, which are charged based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cadhi Colony Street 1?

The current guideline value of Cadhi Colony Street 1 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 695 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the land classification for Cadhi Colony Street 1?

Cadhi Colony Street 1 is classified as Residential Class III Type - II under the Tiruppur Joint II SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Cadhi Colony Street 1?

The Tiruppur Joint II Sub Registrar Office handles registrations for Cadhi Colony Street 1, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.