Guideline Value for Co-operative Colony

Co-operative Colony guideline value

The current guideline value of Co-operative Colony in Kavundampalayam village is Rs 1,325 per sq.ft, effective from 1 July 2024. This area falls under the Vadavalli SRO and is classified as Residential Class I Type - I.

How the guideline value of Co-operative Colony has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure was reduced to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,325 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, indicating that Co-operative Colony's 2024 figure is above this median.

• Cooli Nesavalar Colony: Rs 1,015 per sq.ft (2024)
• Corporation Office Back Side: Rs 1,000 per sq.ft (2024)
• Classic Garden Extn.,: Rs 1,020 per sq.ft (2024)
• Classic Garden: Rs 1,000 per sq.ft (2024)
• Cross Road: Rs 1,000 per sq.ft (2024)
• C. Subbaiya Gounder Nagar: Rs 1,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total fees to Rs 1,19,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Co-operative Colony?

The Sub Registrar Office that covers Co-operative Colony is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kavundampalayam. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

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

The current guideline value of Co-operative Colony is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,200 per sq.ft in 2012, Rs 804 per sq.ft in 2017, Rs 1,200 per sq.ft in 2023, and finally Rs 1,325 per sq.ft in 2024.

What is the stamp duty rate for property in Co-operative Colony?

The stamp duty rate for property transactions in Co-operative Colony is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Co-operative Colony is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What are the other streets in Kavundampalayam with guideline values?

Other streets in Kavundampalayam include Cooli Nesavalar Colony, Corporation Office Back Side, Classic Garden Extn., Classic Garden, Cross Road, and C. Subbaiya Gounder Nagar, with guideline values ranging from Rs 1,000 to Rs 1,020 per sq.ft in 2024.