Guideline Value for C.K.P LAYOUT

C.K.P Layout guideline value

The current guideline value of C.K.P Layout is Rs 705 per sq.ft, effective from 1 July 2024. This area falls under Ward - A village and is classified as Residential Class II Type - I. The guideline value is determined by the Tiruppur Joint II SRO.

How the guideline value of C.K.P Layout has changed

The guideline value for C.K.P Layout has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 475 per sq.ft. This was followed by a decrease to Rs 318 per sq.ft in 2017. The value saw a significant increase of 120% to reach Rs 700 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 705 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 48%.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 880 per sq.ft. The median value for these streets is Rs 709 per sq.ft, placing C.K.P Layout's 2024 figure below that median.

• C.K.P Nagar: Rs 705 per sq.ft (2024)
• College Road: Rs 880 per sq.ft (2024)
• College Road Railway line wasteland: Rs 701 per sq.ft (2024)
• Chetti Thottam: Rs 707 per sq.ft (2024)
• Duvaragai Nagar: Rs 706 per sq.ft (2024)
• Duvaragai Nagar 2nd Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in C.K.P Layout

For a 1,000 sq.ft plot at the current rate of Rs 705 per sq.ft, the guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, while the registration fee at 2% would be Rs 14,100. Together, the total cost for these fees would be Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers C.K.P Layout?

The C.K.P Layout is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Ward - A

The guideline value is a crucial factor during the registration process of property transactions in Ward - A. It serves as a basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved.

When you buy or sell property in this area, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, aligning with government regulations.

Frequently asked questions

What is the current guideline value of C.K.P Layout?

The current guideline value of C.K.P Layout is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 475 per sq.ft in 2012 to Rs 318 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 705 per sq.ft in 2024.

What is the land classification for C.K.P Layout?

C.K.P Layout is classified as Residential Class II Type - I, indicating its designation for residential use.

Where can I find the registration office for C.K.P Layout?

The registration office for C.K.P Layout is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for property in C.K.P Layout?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 705 per sq.ft, the total guideline value is Rs 7,05,000, leading to stamp duty and registration fees totaling Rs 63,450.