Guideline Value for C.P.S.Gardens

C.P.S.Gardens guideline value

The current guideline value of C.P.S.Gardens is Rs 541 per sq.ft, effective from 1 July 2024. This area is located in Ward 1 village under the Pollachi SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of C.P.S.Gardens has changed

The guideline value for C.P.S.Gardens has undergone several revisions over the years. In 2003, the value was Rs 150 per sq.ft, which increased to Rs 200 per sq.ft in 2007. The 2012 revision saw a slight increase to Rs 540 per sq.ft, but by 2017, it had decreased to Rs 362 per sq.ft. The value remained at Rs 541 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for the year 2002 for this street.

Overall, from 2003 to 2024, the guideline value has increased by 261%. The most significant increase occurred between 2007 and 2012, where the value rose by 170%. The jump from 2017 to 2023 was 49%, with the value stabilizing at Rs 541 per sq.ft in the latest revision.

Guideline values in Ward 1

In Ward 1, there are 91 streets under the Pollachi SRO, with guideline values ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value is Rs 541 per sq.ft, which is equal to the current value of C.P.S.Gardens.

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

Stamp duty and registration fee for property in C.P.S.Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value amounts to Rs 5,41,000. The stamp duty at 7% would be Rs 37,870, while 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 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 information.

Which Sub Registrar Office covers C.P.S.Gardens?

The Sub Registrar Office that covers C.P.S.Gardens is 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 property transactions in Ward 1. It helps determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of the transaction. The registration office uses this value to assess the appropriate fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of C.P.S.Gardens?

The current guideline value of C.P.S.Gardens 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 multiple times, from Rs 150 per sq.ft in 2003 to Rs 541 per sq.ft in 2024, reflecting an overall increase of 261% over this period.

What is the median guideline value in Ward 1?

The median guideline value in Ward 1 is Rs 541 per sq.ft, which is the same as the current value for C.P.S.Gardens.

What are the stamp duty and registration fees for properties in C.P.S.Gardens?

For a property valued at Rs 5,41,000, the stamp duty would be Rs 37,870 and the registration fee would be Rs 10,820, totaling Rs 48,690.

Where can I find the Sub Registrar Office for C.P.S.Gardens?

The Sub Registrar Office for C.P.S.Gardens is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone.