Guideline Value for Co-operative Colony Main Road

Co-operative Colony Main Road guideline value

The current guideline value of Co-operative Colony Main Road is Rs 1,500 per sq.ft, effective from 1 July 2024. This road is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Co-operative Colony Main Road has changed

The guideline value for Co-operative Colony Main Road has seen several revisions over the years. In the 2002 revision, the value was set at Rs 158 per sq.ft. This increased to Rs 178 per sq.ft in 2003, marking a 13% rise. The value then jumped significantly to Rs 325 per sq.ft in 2007, reflecting an 83% increase. By 2012, the guideline value reached Rs 1,500 per sq.ft, which was a substantial 362% increase from the previous revision. However, in 2017, it decreased to Rs 1,005 per sq.ft, a decline of 33%. The value remained at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 849%. The register has no figure for the years not mentioned in the list provided.

Guideline values in Mettupalayam

In Mettupalayam village, 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, with a median value of Rs 700 per sq.ft. The guideline value of Co-operative Colony Main Road is above this median.

• 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)
• Co-operative Colony Street 4: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 5: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 6: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Co-operative Colony Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Co-operative Colony Main Road?

The Sub Registrar Office that covers Co-operative Colony Main Road 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 online.

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

The guideline value is a crucial reference point during property transactions in Mettupalayam. It helps determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the necessary fees. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Co-operative Colony Main Road?

The current guideline value of Co-operative Colony Main Road is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 158 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 849% over the years.

What are the stamp duty and registration fees for properties in Co-operative Colony Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,35,000.

Where is the Sub Registrar Office located for Co-operative Colony Main Road?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to be aware of this value for smooth registration.