Guideline Value for Co-operative Colony Street 5

Co-operative Colony Street 5 guideline value

The current guideline value of Co-operative Colony Street 5 is Rs 1,500 per sq.ft, effective from 1 July 2024. This street 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 Street 5 has changed

The guideline value for Co-operative Colony Street 5 has seen several revisions over the years. In 2002, the guideline 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, reflecting an increase of +83%. Following this, the value surged to Rs 1,500 per sq.ft in 2012, a substantial rise of +362%. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of -33%. The value remained at Rs 1,500 per sq.ft in 2023 and again in 2024, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by +849%. The register has no figures for the years not mentioned above.

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. Co-operative Colony Street 5's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Co-operative Colony Street 4: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 6: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 3: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 2: Rs 1,500 per sq.ft (2024)
• Co-operative Colony Street 1: 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 5

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to 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.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Co-operative Colony Street 5?

The Sub Registrar Office that covers Co-operative Colony Street 5 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 minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected transaction costs. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Co-operative Colony Street 5?

The current guideline value of Co-operative Colony Street 5 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%.

What is the median guideline value in Mettupalayam?

The median guideline value in Mettupalayam is Rs 700 per sq.ft, with Co-operative Colony Street 5's value being above this median.

What are the stamp duty and registration fees for properties in Co-operative Colony Street 5?

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

Where is the Sub Registrar Office for Co-operative Colony Street 5 located?

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