Guideline Value for C.R.PILLAI LAYOUT

C.R.Pillai Layout guideline value

The current guideline value of C.R.Pillai Layout is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Palladam village, under the Palladam Sub Registrar Office (SRO), and falls under the Residential Class I Type - I land classification.

How the guideline value of C.R.Pillai Layout has changed

Over the years, the guideline value of C.R.Pillai Layout has seen several revisions. The 2002 revision recorded a value of Rs 62 per sq.ft, which increased significantly to Rs 180 per sq.ft in 2007. Following this, the value rose to Rs 650 per sq.ft in 2012, before dropping to Rs 502 per sq.ft in 2017. The 2023 revision marked another increase to Rs 750 per sq.ft, culminating in the current value of Rs 840 per sq.ft from the 2024 revision.

The changes between these revisions highlight notable fluctuations. From 2002 to 2007, there was a substantial increase of 190%, followed by a remarkable 261% rise from 2007 to 2012. However, the value decreased by 23% from 2012 to 2017. The subsequent revisions saw a 49% increase from 2017 to 2023 and a 12% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1255%.

Guideline values in Palladam

Palladam village has a total of 56 streets under the Palladam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,450 per sq.ft. The median guideline value for these streets is Rs 840 per sq.ft, which is equal to the current value of C.R.Pillai Layout.

• Chittipalayam Road: Rs 1,230 per sq.ft (2024)
• Chithambaranar Street: Rs 720 per sq.ft (2024)
• Chinniya Gounder Street: Rs 840 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• Duraisamy Nagar: Rs 840 per sq.ft (2024)
• Centhottam: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in C.R.Pillai Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty is charged at 7%, which equals Rs 58,800, while the registration fee is at 2%, amounting to Rs 16,800. Together, the total fees would be Rs 75,600. 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.R.Pillai Layout?

The Sub Registrar Office that covers C.R.Pillai Layout is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Palladam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

Buyers and sellers must be aware that the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and fairly in the official records.

Frequently asked questions

What is the current guideline value of C.R.Pillai Layout?

The current guideline value of C.R.Pillai Layout is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 62 per sq.ft in 2002 to the current value of Rs 840 per sq.ft in 2024, marking an overall increase of 1255% over this period.

What is the land classification of C.R.Pillai Layout?

C.R.Pillai Layout falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in C.R.Pillai Layout?

For a property valued at Rs 8,40,000, the stamp duty is Rs 58,800 and the registration fee is Rs 16,800, totaling Rs 75,600. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for C.R.Pillai Layout located?

The Palladam Sub Registrar Office is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone, and is responsible for property registrations in this area.