Guideline Value for College Road Railway line wasteland

College Road Railway line wasteland guideline value

The current guideline value of College Road Railway line wasteland is Rs 701 per sq.ft, effective from 1 July 2024. This property is located in Ward - A village under the Tiruppur Joint II SRO, classified as Residential Class V Type - I.

How the guideline value of College Road Railway line wasteland has changed

The guideline value for College Road Railway line wasteland has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 701 per sq.ft, which is an increase from Rs 700 per sq.ft in 2023. Prior to that, in 2017, the value was significantly lower at Rs 218 per sq.ft, marking a substantial increase of 221% from 2017 to 2023. The value in 2012 was Rs 325 per sq.ft, which shows a decrease of 33% when compared to the 2017 figure.

Furthermore, when looking at the overall changes from 2012 to 2024, the guideline value has increased by 116%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. The guideline value for College Road Railway line wasteland is below this median.

• College Road: Rs 880 per sq.ft (2024)
• C.K.P Nagar: Rs 705 per sq.ft (2024)
• C.K.P Layout: Rs 705 per sq.ft (2024)
• Chetti Thottam: Rs 707 per sq.ft (2024)
• Duvaragai Nagar: Rs 706 per sq.ft (2024)
• Duvaragai Nagar 2nd Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in College Road Railway line wasteland

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, resulting in a total of Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers College Road Railway line wasteland?

The College Road Railway line wasteland falls under the Tiruppur Joint II Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward - A

When buying or selling property in Ward - A, the guideline value is a crucial factor used during the registration process. It serves as a reference point for determining the applicable stamp duty and registration fees, which are calculated based on this value.

Additionally, the guideline value helps ensure transparency in property transactions, providing a standardized measure that reflects the value of land in the area. Buyers and sellers should 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 College Road Railway line wasteland?

The current guideline value of College Road Railway line wasteland is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 325 per sq.ft in 2012 to Rs 701 per sq.ft in 2024, marking an overall increase of 116%. The value was Rs 218 per sq.ft in 2017 and Rs 700 per sq.ft in 2023.

What is the land classification for College Road Railway line wasteland?

The land classification for College Road Railway line wasteland is Residential Class V Type - I.

Where is the Tiruppur Joint II SRO located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in College Road Railway line wasteland?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 49,070.