Guideline Value for Corporation Sweeper Housing unit

Corporation Sweeper Housing unit guideline value

The current guideline value for the Corporation Sweeper Housing unit in Uppilipalayam village is Rs 1,005 per sq.ft, effective from 1 July 2024. This property falls under the Singanallur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Corporation Sweeper Housing unit has changed

The guideline value for the Corporation Sweeper Housing unit has seen significant changes over the years. In 2012, the value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. Following this, the value rose dramatically to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,005 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the most notable change was from 2017 to 2023, where the value increased by 199%. From 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has risen by 101%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that have 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. The Corporation Sweeper Housing unit's 2024 guideline value is below this median.

• Coromandal Enclave: Rs 2,016 per sq.ft (2024)
• Cotton City Apartment (Perks school road): Rs 2,520 per sq.ft (2024)
• Co-operative colony: Rs 2,520 per sq.ft (2024)
• Colony Street: Rs 1,002 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 Corporation Sweeper Housing unit

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, making the total fees Rs 90,450. 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 details.

Which Sub Registrar Office covers Corporation Sweeper Housing unit?

The Corporation Sweeper Housing unit is covered by 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 crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When purchasing or selling property in Uppilipalayam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

During the registration process, buyers and sellers must adhere to the guideline value set by the Registration Department. This ensures transparency and helps maintain a standardized procedure for property transactions in the area.

Frequently asked questions

What is the current guideline value for the Corporation Sweeper Housing unit?

The current guideline value for the Corporation Sweeper Housing unit is Rs 1,005 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2024, representing an overall increase of 101% over this period.

What are the stamp duty rates for property in Corporation Sweeper Housing unit?

The stamp duty for property in the Corporation Sweeper Housing unit is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration of properties in this area?

The Singanallur Sub Registrar Office handles the registration of properties in the Corporation Sweeper Housing unit, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What are the other guideline values in Uppilipalayam?

In Uppilipalayam, the guideline values for other streets range from Rs 1,001 to Rs 6,160 per sq.ft, with a median value of Rs 1,232 per sq.ft. The Corporation Sweeper Housing unit's value is below this median.