Guideline Value for C.J Layout

C.J Layout guideline value

The current guideline value of C.J Layout, located in P. Chettipalayam village, is Rs 330 per sq.ft, effective from the 2024 revision. This area falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of C.J Layout has changed

The guideline value for C.J Layout has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 330 per sq.ft in the 2024 revision, marking a change of +10%.

With the current value of Rs 330 per sq.ft, it is important to note that this figure is below the median guideline value of Rs 470 per sq.ft for the 240 streets in P. Chettipalayam under the Coimbatore South Joint 1 SRO.

Guideline values in P. Chettipalayam

P. Chettipalayam has a range of guideline values, with figures for 2024 varying from Rs 220 to Rs 1,300 per sq.ft. C.J Layout’s guideline value is Rs 330 per sq.ft, which is below the median of Rs 470 per sq.ft. The following are other streets in P. Chettipalayam:

• C.J. Plots: Rs 330 per sq.ft (2024)
• C.M.C.Colony: Rs 470 per sq.ft (2024)
• Coimbatore Postel House Building Society Phase II Colony: Rs 330 per sq.ft (2024)
• Co.operative Nagar: Rs 330 per sq.ft (2024)
• Chinna Vedan Colony: Rs 220 per sq.ft (2024)
• Chinnamal Layout: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in C.J Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.J Layout?

The Sub Registrar Office that covers C.J Layout is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor during property transactions in P. Chettipalayam. It serves as a benchmark for determining the minimum value of properties, ensuring that transactions are recorded at a fair price for taxation purposes.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that all parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value for C.J Layout?

The current guideline value for C.J Layout is Rs 330 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for C.J Layout has changed from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, representing a +10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for properties in C.J Layout?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for C.J Layout?

The Coimbatore South Joint 1 Sub Registrar Office is responsible for C.J Layout, located at No.410a, Raja Street, Coimbatore-641001.

What is the land classification for C.J Layout?

C.J Layout is classified as Residential Class II Type - I, indicating its designated use for residential purposes within the area.