The fourth son of Pothan Varghese, Iype was born in 1870. He married Rahelamma, daughter of Cheriamadathil Yakob Kathanar. He stayed at Pampady to look after the family homestead there. The famous Chethimattom bull market is in Iype’s homestead. This father had sons named Jacob, George, Kurian & daughters Aleyamma (Kunjupenn), Kunjamma, Saramma, Annakutty, Mariamma and Eethamma. Varghese Iype died on 19th September 1948 at the age of 78. Rahelamma died on 30th November 1955 at the age of 83.