Guideline Value for Central studio colony

Central studio colony guideline value

The current guideline value for Central studio colony in Uppilipalayam village is Rs 1,456 per sq.ft, effective from 1 July 2024. This area falls under the Singanallur SRO and is classified as Residential Class I Type - I.

How the guideline value of Central studio colony has changed

The guideline value for Central studio colony has seen significant changes over the years. The earliest recorded revision is from 2007, where the value was Rs 700 per sq.ft. This increased to Rs 1,300 per sq.ft in 2012, but then decreased to Rs 871 per sq.ft in 2017. The value rose sharply to Rs 1,300 per sq.ft in 2023, and currently stands at Rs 1,456 per sq.ft from the 2024 revision, marking a 12% increase from the previous year.

In summary, the changes between revisions are notable. From 2017 to 2023, there was a 49% increase. The overall increase from the 2007 revision to the current 2024 figure is 108%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

Uppilipalayam village has a total of 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for the area is Rs 1,232 per sq.ft, placing Central studio colony's 2024 value above this median.

• Central studio road: Rs 2,016 per sq.ft (2024)
• B R layout 1 to 5: Rs 1,680 per sq.ft (2024)
• Brindavan colony: Rs 1,120 per sq.ft (2024)
• Chennimalai Gounder Layout: Rs 1,355 per sq.ft (2024)
• Boyar street: Rs 1,001 per sq.ft (2024)
• ChinnaGuru samy Layout: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Central studio colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,456 per sq.ft, the total guideline value amounts to Rs 14,56,000. The stamp duty at 7% would be Rs 1,01,920, and the registration fee at 2% would be Rs 29,120, bringing the total cost for these fees to Rs 1,31,040. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Central studio colony?

The Sub Registrar Office that covers Central studio colony is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uppilipalayam

The guideline value is a crucial factor in the registration process of property transactions in Uppilipalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standard valuation rather than individual sale prices.

When buying or selling property, it is essential to understand that the guideline value affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Central studio colony?

The current guideline value of Central studio colony is Rs 1,456 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 700 per sq.ft in 2007 to Rs 1,456 per sq.ft in 2024, reflecting an overall increase of 108% since 2007.

What is the land classification for Central studio colony?

Central studio colony is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Central studio colony?

The Singanallur Sub Registrar Office, which covers Central studio colony, is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How are stamp duty and registration fees calculated in Uppilipalayam?

Stamp duty and registration fees in Uppilipalayam are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the property's value according to the established guideline.