Guideline Value for Chinna Vedan Colony

Chinna Vedan Colony guideline value

The current guideline value of Chinna Vedan Colony is Rs 220 per sq.ft. This value is effective from 1 July 2024 and falls under P. Chettipalayam village, classified as Residential Class II Type - II, within the Coimbatore South Joint 1 SRO.

How the guideline value of Chinna Vedan Colony has changed

According to the register, there are no figures available for Chinna Vedan Colony for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision prior to 2024 was in 2023, where the guideline value was Rs 200 per sq.ft. This represents a 10% increase to the current value of Rs 220 per sq.ft in 2024.

The 2024 revision shows an increase from the previous year's figure of Rs 200 per sq.ft, marking a significant change for this street. The 2024 guideline value is now established at Rs 220 per sq.ft.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median value among these streets is Rs 470 per sq.ft, placing Chinna Vedan Colony's 2024 figure below that median.

• Chinnamal Layout: Rs 550 per sq.ft (2024)
• Chinnamal Garden: Rs 550 per sq.ft (2024)
• C.J Layout: Rs 330 per sq.ft (2024)
• C.J. Plots: Rs 330 per sq.ft (2024)
• C.M.C.Colony: Rs 470 per sq.ft (2024)
• Coimbatore Postel House Building Society Phase II Colony: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Vedan Colony

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,20,000. The stamp duty at 7% amounts to Rs 15,400, and the registration fee at 2% is Rs 4,400, bringing the total to Rs 19,800. 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 Chinna Vedan Colony?

The Sub Registrar Office that covers Chinna Vedan Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 P. Chettipalayam

The guideline value is a crucial factor during the registration of property in P. Chettipalayam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values determines the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chinna Vedan Colony?

The current guideline value of Chinna Vedan Colony is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Chinna Vedan Colony?

Chinna Vedan Colony is classified as Residential Class II Type - II, which is relevant for property transactions in the area.

Where can I find the Sub Registrar Office for Chinna Vedan Colony?

The Sub Registrar Office for Chinna Vedan Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How is the stamp duty calculated for properties in Chinna Vedan Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot valued at Rs 2,20,000, the total stamp duty and registration fees amount to Rs 19,800.