Guideline Value for Co-operative Colony Street 6

Co-operative Colony Street 6 guideline value

The current guideline value of Co-operative Colony Street 6 is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village, under the Mettupalayam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Co-operative Colony Street 6 has changed

The guideline value for Co-operative Colony Street 6 has undergone several revisions over the years. In 2002, the value was Rs 158 per sq.ft, which increased to Rs 178 per sq.ft in 2003, marking a 13% rise. The value saw a significant jump to Rs 325 per sq.ft in 2007, reflecting an 83% increase. By 2012, the value was Rs 1,500 per sq.ft, representing a considerable 362% increase from the previous revision. However, it then dropped to Rs 1,005 per sq.ft in 2017, showing a decrease of 33%.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 1,500 per sq.ft. The current revision for 2024 maintains this value at Rs 1,500 per sq.ft, indicating no change from the previous year. The register has no figure for this street in the years not mentioned.

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 value is Rs 700 per sq.ft, placing Co-operative Colony Street 6 above this median.

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

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 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 Co-operative Colony Street 6?

The Sub Registrar Office that covers Co-operative Colony Street 6 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 reference point for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers and sellers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Co-operative Colony Street 6?

The current guideline value of Co-operative Colony Street 6 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 seen several changes, with the most significant increase occurring from Rs 325 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012. The value has remained at Rs 1,500 per sq.ft since 2012, with a recent revision in 2024 maintaining this figure.

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 6's value of Rs 1,500 per sq.ft being above this median.

What are the stamp duty rates applicable in Co-operative Colony Street 6?

The stamp duty rate applicable in Co-operative Colony Street 6 is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Co-operative Colony Street 6?

The Sub Registrar Office for Co-operative Colony Street 6 is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.