Guideline Value for Colony Street

Colony Street guideline value

The current guideline value of Colony Street in Uppilipalayam village is Rs 1,002 per sq.ft, effective from 1 July 2024. This street falls under the Singanallur SRO and is classified as Residential Class II Type - II.

How the guideline value of Colony Street has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure changed to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. The guideline value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and it has now reached Rs 1,002 per sq.ft in the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 25%. 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 a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft, with a median value of Rs 1,232 per sq.ft. Colony Street's 2024 guideline value is below this median.

• Co-operative colony: Rs 2,520 per sq.ft (2024)
• Coromandal Enclave: Rs 2,016 per sq.ft (2024)
• C.M.C. Colony: Rs 1,001 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)
• CKH-Thulasi Enclave: Rs 2,520 per sq.ft (2024)

Stamp duty and registration fee for property in Colony Street

For a 1,000 sq.ft plot at the current rate of Rs 1,002 per sq.ft, the guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, totaling Rs 90,180. 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 detailed calculations.

Which Sub Registrar Office covers Colony Street?

The Sub Registrar Office that covers Colony Street 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 further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Colony Street?

The current guideline value of Colony Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is now Rs 1,002 per sq.ft in 2024.

What is the land classification of Colony Street?

Colony Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Colony Street?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140, and the registration fee would be Rs 20,040, totaling Rs 90,180.

Which Sub Registrar Office covers Colony Street?

The Singanallur Sub Registrar Office covers Colony Street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.