Guideline Value for C.P.Ramakrishnasamy Layout

C.P.Ramakrishnasamy Layout guideline value

The current guideline value for C.P.Ramakrishnasamy Layout is Rs 541 per sq.ft, effective from 1 July 2024. This layout is located in Ward 1 village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

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

The guideline value for C.P.Ramakrishnasamy Layout has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 540 per sq.ft in 2012. However, there was a decrease in the value to Rs 362 per sq.ft in 2017. The value then rose to Rs 541 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 171%. The changes between the revisions include a 170% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The register has no figures for the years 2002 and 2003 for this street.

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 the median value being Rs 541 per sq.ft. The guideline value for C.P.Ramakrishnasamy Layout is equal to this median value.

• C.P.S.Gardens: Rs 541 per sq.ft (2024)
• C.M.V.Layout: Rs 301 per sq.ft (2024)
• Devi Garden: Rs 541 per sq.ft (2024)
• Chinnampalayam Road Sri Garden: Rs 541 per sq.ft (2024)
• Doctor Ansari Street (Block 1,3): Rs 750 per sq.ft (2024)
• Chinnampalayam Road: Rs 541 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value would be Rs 5,41,000. The stamp duty at 7% would amount to Rs 37,870, and the registration fee at 2% would be Rs 10,820, bringing the total cost for these fees to Rs 48,690. It is important to note that 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.P.Ramakrishnasamy Layout?

The C.P.Ramakrishnasamy Layout falls under 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 more details.

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

The guideline value is a crucial factor when registering a property in Ward 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that both parties have a clear understanding of the minimum value assigned to the property. This helps in maintaining transparency in real estate transactions within the region.

Frequently asked questions

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

The current guideline value of C.P.Ramakrishnasamy Layout is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 541 per sq.ft in 2024, showing an overall increase of 171% over the years.

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

C.P.Ramakrishnasamy Layout is classified as Residential Class II Type - I.

Where can I find more information about the Pollachi SRO?

More information about the Pollachi Sub Registrar Office can be found at their address: No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated in C.P.Ramakrishnasamy Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 5,41,000, the stamp duty would be Rs 37,870 at 7%.