Guideline Value for Co-operative colony

Co-operative colony guideline value

The current guideline value of Co-operative colony in Uppilipalayam village under the Singanallur SRO is Rs 2,520 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Co-operative colony has changed

The guideline value for Co-operative colony has seen several revisions over the years. The 2012 revision set the value at Rs 2,250 per sq.ft, which then decreased to Rs 1,507 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,250 per sq.ft in the 2023 revision, and the most recent 2024 revision has set it at Rs 2,520 per sq.ft.

Between the 2023 and 2024 revisions, there was an increase of 12%. From 2017 to 2023, the increase was 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for the village is Rs 1,232 per sq.ft, placing Co-operative colony's 2024 figure above this median.

• Colony Street: Rs 1,002 per sq.ft (2024)
• Coromandal Enclave: Rs 2,016 per sq.ft (2024)
• Corporation Sweeper Housing unit: Rs 1,005 per sq.ft (2024)
• Cotton City Apartment (Perks school road): Rs 2,520 per sq.ft (2024)
• C.M.C. Colony: Rs 1,001 per sq.ft (2024)
• CKH-Thulasi Enclave: Rs 2,520 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 2,520 per sq.ft, the total guideline value would be Rs 25,20,000. The stamp duty at 7% would amount to Rs 1,76,400, while the registration fee at 2% would be Rs 50,400. In total, the charges would be Rs 2,26,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Uppilipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when registering a property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation or overvaluation during registration. This process helps maintain transparency in property dealings.

Frequently asked questions

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

The current guideline value of Co-operative colony is Rs 2,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2012 to Rs 1,507 per sq.ft in 2017, then to Rs 2,250 per sq.ft in 2023, and finally to Rs 2,520 per sq.ft in 2024.

What is the land classification for Co-operative colony?

Co-operative colony is classified as Residential Special Type - I.

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

The Sub Registrar Office for Co-operative colony is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Co-operative colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 25,20,000, the stamp duty would be Rs 1,76,400 at 7%.