Guideline Value for C.M.C. Colony

C.M.C. Colony guideline value

The current guideline value of C.M.C. Colony is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of C.M.C. Colony has changed

The guideline value for C.M.C. Colony has undergone several revisions over the years. In 2007, the guideline value was Rs 230 per sq.ft, which increased significantly to Rs 875 per sq.ft in 2012. However, this figure saw a decrease to Rs 586 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft from the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the most notable changes include a 280% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value then surged by 71% from 2017 to 2023, and remained unchanged from 2023 to 2024.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry 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 guideline value for C.M.C. Colony is below this median.

• CKH-Thulasi Enclave: Rs 2,520 per sq.ft (2024)
• Colony Street: Rs 1,002 per sq.ft (2024)
• Co-operative colony: Rs 2,520 per sq.ft (2024)
• Coromandal Enclave: Rs 2,016 per sq.ft (2024)
• Corporation Sweeper Housing unit: Rs 1,005 per sq.ft (2024)
• Cotton City Apartment (Perks school road): Rs 2,520 per sq.ft (2024)

Stamp duty and registration fee for property in C.M.C. Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty, charged at 7%, would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020. Together, these fees would total Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers C.M.C. Colony?

The Sub Registrar Office that covers C.M.C. Colony is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, 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 Uppilipalayam

The guideline value plays a crucial role during the registration of property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of C.M.C. Colony?

The current guideline value of C.M.C. Colony is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 335% over the years.

What are the stamp duty and registration fees for properties in C.M.C. Colony?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which office handles property registrations in C.M.C. Colony?

The Singanallur Sub Registrar Office handles property registrations in C.M.C. Colony, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property, influencing the stamp duty and registration fees that buyers must pay during transactions.