Guideline Value for Christian Colony

Christian Colony guideline value

The current guideline value of Christian Colony, located in Mettupalayam village under the Mettupalayam SRO, is Rs 600 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Christian Colony has changed

Looking at the historical revisions, the guideline value for Christian Colony was Rs 600 per sq.ft in 2023, which is the same as the upcoming 2024 figure. Prior to that, in 2017, the value was Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023. In 2012, the guideline value was again Rs 600 per sq.ft, which indicates a decrease of 33% from the 2012 figure to the 2017 figure.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 600 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Christian Colony's 2024 figure below that median.

• Chokkalingam Lane: Rs 600 per sq.ft (2024)
• Colony Road: Rs 1,000 per sq.ft (2024)
• Co-operative Colony Main Road: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 1: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 2: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 3: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Christian Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost to Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Christian Colony?

The Sub Registrar Office that covers Christian Colony is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Mettupalayam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential to be aware that the guideline value may differ from the actual sale price of the property. The authorities will charge the stamp duty based on the higher of the two values, ensuring that the correct fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Christian Colony?

The current guideline value of Christian Colony is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 600 per sq.ft in 2023 and 2024. It increased from Rs 402 per sq.ft in 2017, with a notable decrease of 33% from 2012 to 2017.

What is the median guideline value in Mettupalayam?

The median guideline value for streets in Mettupalayam is Rs 700 per sq.ft, with Christian Colony's value being below this figure.

What are the stamp duty and registration fees for properties in Christian Colony?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Where is the Sub Registrar Office for Christian Colony located?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.