Guideline Value for Central studio road

Central studio road guideline value

The current guideline value of Central studio road in Uppilipalayam village, under the Singanallur SRO, is Rs 2,016 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Central studio road has changed

The guideline value for Central studio road has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, in 2017, it dropped to Rs 1,206 per sq.ft, before rising again to Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,016 per sq.ft, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 188%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value is Rs 1,232 per sq.ft, indicating that Central studio road's 2024 figure is above this median.

• Central studio colony: Rs 1,456 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 road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,016 per sq.ft, the total guideline value would be Rs 20,16,000. The stamp duty at 7% would amount to Rs 1,41,120, and the registration fee at 2% would be Rs 40,320, bringing the total to Rs 1,81,440. 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 Central studio road?

The Sub Registrar Office that covers Central studio road 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 information.

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

The guideline value is a crucial figure used during property registration in Uppilipalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers and sellers must be aware of these figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Central studio road?

The current guideline value of Central studio road is Rs 2,016 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2007 to Rs 2,016 per sq.ft in 2024, marking an overall increase of 188% over the years.

What are the stamp duty and registration fees for properties on Central studio road?

For a 1,000 sq.ft property, the total guideline value is Rs 20,16,000, with stamp duty of Rs 1,41,120 and registration fee of Rs 40,320, totaling Rs 1,81,440.

Which Sub Registrar Office covers Central studio road?

The Singanallur Sub Registrar Office covers Central studio road, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Central studio road?

Central studio road is classified as Residential Special Type - II, indicating its designated use for residential purposes.