Guideline Value

Corporate

Guideline Value for College Colony

₹200/sq.ft.

The guideline value for College Colony in Lakkampatti village (Gobichettipalayam Joint I SRO, Coimbatore zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Lakkampatti

Village

Gobichettipalayam Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹45 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452
04285-222015
[email protected]

DRO (District Registrar Office)

Integrated Reistration Complex, 81 Old Hospital Rd, Near Market, Gobichettipalayam - 638452
04285-222014
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on College Colony

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College Colony guideline value

The current guideline value for College Colony in Lakkampatti village is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Gobichettipalayam Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of College Colony has changed

Over the years, the guideline value for College Colony has seen several revisions. The earliest recorded figure is from 2007, which was Rs 45 per sq.ft. This value increased significantly to Rs 200 per sq.ft in 2012, marking a substantial rise of 344%. However, it dropped to Rs 134 per sq.ft in 2017, a decrease of 33%. The value then remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, showing no change between these years. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 200 per sq.ft. The overall change from the 2007 revision to the 2024 revision reflects an increase of 344%, showcasing significant fluctuations in the guideline value over the years.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO with a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, indicating that College Colony's 2024 figure is below this median.

Stamp duty and registration fee for property in College Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers College Colony?

The Sub Registrar Office that covers College Colony is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in property transactions in Lakkampatti. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

Additionally, the guideline value serves as a reference point for property valuations in the area. It helps in determining the minimum value at which properties can be registered, thereby ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of College Colony?

The current guideline value of College Colony is Rs 200 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 45 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Lakkampatti?

The median guideline value for streets in Lakkampatti is Rs 275 per sq.ft, which is higher than the current value of College Colony.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for College Colony located?

The Gobichettipalayam Joint I Sub Registrar Office is located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.