Guideline Value for C.M.C.Colony

C.M.C.Colony guideline value

The current guideline value of C.M.C.Colony in P. Chettipalayam village, under the Coimbatore South Joint 1 SRO, is Rs 470 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

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

The guideline value for C.M.C.Colony has undergone several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 400 per sq.ft, which increased to Rs 470 per sq.ft in the 2024 revision, marking an increase of 18%.

Prior to the 2023 revision, there were no recorded figures for the street in the years mentioned. The most recent revision reflects the current market conditions and aligns with the median guideline value for the village.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value is Rs 470 per sq.ft, making C.M.C.Colony's 2024 figure equal to this median.

• Coimbatore Postel House Building Society Phase II Colony: Rs 330 per sq.ft (2024)
• C.J. Plots: Rs 330 per sq.ft (2024)
• C.J Layout: Rs 330 per sq.ft (2024)
• Co.operative Nagar: Rs 330 per sq.ft (2024)
• Chinna Vedan Colony: Rs 220 per sq.ft (2024)
• Deivanai Nagar: Rs 220 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 470 per sq.ft, the total guideline value would be Rs 4,70,000. The stamp duty at 7% would amount to Rs 32,900, and the registration fee at 2% would be Rs 9,400, totaling Rs 42,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The C.M.C.Colony is covered by the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in P. Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This process helps maintain transparency in property dealings.

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 470 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 470 per sq.ft in 2024, reflecting an 18% increase. There are no recorded 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, which is the same as the current guideline value for C.M.C.Colony.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

Where can I find the Sub Registrar Office for C.M.C.Colony?

The Sub Registrar Office for C.M.C.Colony is the Coimbatore South Joint 1 SRO, located at No.410a, Raja Street, Coimbatore-641001.