Guideline Value for Co-operative Colony Street 3

Co-operative Colony Street 3 guideline value

The current guideline value of Co-operative Colony Street 3 is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village under the Mettupalayam SRO, classified as Residential Class I Type - I.

How the guideline value of Co-operative Colony Street 3 has changed

The guideline value for Co-operative Colony Street 3 has undergone several revisions since 2002. In 2002, the value was Rs 158 per sq.ft, which increased to Rs 178 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 325 per sq.ft in 2007, an increase of +83%. By 2012, the value saw a substantial jump to Rs 1,500 per sq.ft, reflecting a remarkable increase of +362%. However, in 2017, the value decreased to Rs 1,005 per sq.ft, a drop of -33%. The 2023 revision maintained the value at Rs 1,500 per sq.ft, with no change from the previous year. Finally, the 2024 revision also set the value at Rs 1,500 per sq.ft, resulting in a change of +0% from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +849%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Mettupalayam

In Mettupalayam village, there are 327 streets under the Mettupalayam SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Co-operative Colony Street 3's 2024 value above this median.

• Co-operative Colony Street 2: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 4: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 1: 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)
• Co-operative Colony Main Road: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Co-operative Colony Street 3

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, totaling Rs 1,35,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Co-operative Colony Street 3?

The Sub Registrar Office that covers Co-operative Colony Street 3 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 is a crucial factor during the registration of property transactions in Mettupalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Co-operative Colony Street 3?

The current guideline value of Co-operative Colony Street 3 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 significantly from Rs 158 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, representing an overall increase of +849% over the years.

What is the stamp duty rate for properties in Co-operative Colony Street 3?

The stamp duty rate for properties in Co-operative Colony Street 3 is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where is the Mettupalayam Sub Registrar Office located?

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

What are the guideline values of other streets in Mettupalayam?

Other streets in Mettupalayam, such as Co-operative Colony Street 1, 2, 4, 5, 6, and the Co-operative Colony Main Road, all have a guideline value of Rs 1,500 per sq.ft as of 2024.