Guideline Value for C.M.V.LAYOUT

C.M.V.Layout guideline value

The current guideline value of C.M.V.Layout is Rs 301 per sq.ft, effective from 1 July 2024. This street is located in Ward 1 village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class V Type - III.

How the guideline value of C.M.V.Layout has changed

Over the years, the guideline value of C.M.V.Layout has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in 2023 and further to Rs 301 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 80%. Overall, comparing the 2012 and 2024 figures, there has been a 20% increase in the guideline value.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 541 per sq.ft. The guideline value of C.M.V.Layout is below this median.

• C.P.Ramakrishnasamy Layout: Rs 541 per sq.ft (2024)
• C.P.S.Gardens: Rs 541 per sq.ft (2024)
• Chinnampalayam Road Sri Garden: Rs 541 per sq.ft (2024)
• Chinnampalayam Road: Rs 541 per sq.ft (2024)
• Devi Garden: Rs 541 per sq.ft (2024)
• Doctor Ansari Street (Block 1,3): Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in C.M.V.Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 301 per sq.ft, the total guideline value amounts to Rs 3,01,000. The stamp duty at 7% would be Rs 21,070, and the registration fee at 2% would be Rs 6,020, bringing the total fees to Rs 27,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.M.V.Layout?

The C.M.V.Layout is covered by the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward 1

The guideline value is a crucial factor in the registration process when buying or selling property in Ward 1. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of C.M.V.Layout?

The current guideline value of C.M.V.Layout is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 301 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification of C.M.V.Layout?

C.M.V.Layout is classified as Residential Class V Type - III under the Pollachi Sub Registrar Office.

What are the stamp duty and registration fees for property in C.M.V.Layout?

For a property valued at Rs 3,01,000, the stamp duty at 7% would be Rs 21,070, and the registration fee at 2% would be Rs 6,020, totaling Rs 27,090. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers C.M.V.Layout?

The Pollachi Sub Registrar Office covers C.M.V.Layout, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.