Guideline Value for C.S.I COLONY

C.S.I Colony guideline value

The current guideline value of C.S.I Colony, located in Thottipalayam village under the Thottipalayam SRO, is Rs 1,110 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of C.S.I Colony has changed

The guideline value for C.S.I Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,110 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2023 to 2024 reflects an 11% rise. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets registered under the Thottipalayam SRO, with guideline values ranging from Rs 700 to Rs 2,800 per sq.ft. The median guideline value is Rs 806 per sq.ft, placing C.S.I Colony's 2024 figure above this median.

• C.S.I Nagar: Rs 1,110 per sq.ft (2024)
• Devi Jakkamma Nagar: Rs 806 per sq.ft (2024)
• Doctor Radha Krishnan Nagar: Rs 1,887 per sq.ft (2024)
• Doctor Radha Krishnan Nagar (Near By R.K. Nagar): Rs 1,110 per sq.ft (2024)
• Chinnappa Nagar Extension: Rs 703 per sq.ft (2024)
• Chinnappa Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.I Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. 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 details.

Which Sub Registrar Office covers C.S.I Colony?

The Sub Registrar Office that covers C.S.I Colony is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of C.S.I Colony?

The current guideline value of C.S.I Colony is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,110 per sq.ft in 2024.

What is the land classification for C.S.I Colony?

C.S.I Colony is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 11,10,000 would incur a total of Rs 99,900 in fees.

Where can I find the Thottipalayam Sub Registrar Office?

The Thottipalayam Sub Registrar Office is located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.