Guideline Value for C.J. Plots

C.J. Plots guideline value

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

How the guideline value of C.J. Plots has changed

Over the years, the guideline value for C.J. Plots has seen several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which increased to Rs 330 per sq.ft in the 2024 revision, marking a change of +10%.

The most recent revision in 2024 reflects the current value, while the previous revision in 2023 was Rs 300 per sq.ft. This increase indicates a shift in the valuation of properties in this area.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value for the village is Rs 470 per sq.ft, placing C.J. Plots below this median.

• C.J Layout: 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. Plots

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

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

Which Sub Registrar Office covers C.J. Plots?

The Sub Registrar Office that covers C.J. Plots is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, 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 plays a crucial role during the registration of property transactions in P. Chettipalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is referenced to calculate stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of C.J. Plots?

The current guideline value of C.J. Plots is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for C.J. Plots was Rs 300 per sq.ft in 2023 and increased to Rs 330 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in P. Chettipalayam?

The median guideline value in P. Chettipalayam is Rs 470 per sq.ft, while C.J. Plots is below this median.

What are the stamp duty and registration fees for C.J. Plots?

For a 1,000 sq.ft plot at Rs 330 per sq.ft, the total guideline value is Rs 3,30,000. The stamp duty is Rs 23,100, and the registration fee is Rs 6,600, totaling Rs 29,700.

Where is the Sub Registrar Office for C.J. Plots located?

The Sub Registrar Office for C.J. Plots is located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone.