Guideline Value for C.M.C.Colony

C.M.C.Colony guideline value

The current guideline value of C.M.C.Colony is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is part of Ward 10 village under the Peelamedu SRO, classified as Residential Class I Type - III.

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

The guideline value of C.M.C.Colony has seen significant changes over the years. In the 2007 revision, the value was Rs 570 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 251%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then increased sharply to Rs 2,000 per sq.ft in 2023, reflecting a rise of 49%, and has now reached Rs 2,200 per sq.ft in the 2024 revision, an increase of 10%.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of C.M.C.Colony.

• Councilor Lane: Rs 1,320 per sq.ft (2024)
• Chitrampalam Layout: Rs 2,200 per sq.ft (2024)
• CR Sundaram Layout: Rs 2,750 per sq.ft (2024)
• CSR Layout: Rs 2,750 per sq.ft (2024)
• Chinna Maruthasalam Street: Rs 2,200 per sq.ft (2024)
• Devaraj Muthaliyar Layout: Rs 2,750 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that 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 details.

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

The Sub Registrar Office that covers C.M.C.Colony is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 10

The guideline value is a crucial factor in property transactions in Ward 10. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property, which aids in negotiations and ensures compliance with local regulations during the registration process.

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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 570 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 286% over this period.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

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

The Peelamedu Sub Registrar Office handles property registrations in C.M.C.Colony, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, which influences the stamp duty and registration fees owed during a transaction.