Guideline Value for C.T.C.NAGAR EXTENTION

C.T.C.Nagar Extention guideline value

The current guideline value for C.T.C.Nagar Extention is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Somayampalayam village under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of C.T.C.Nagar Extention has changed

The guideline value for C.T.C.Nagar Extention has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased by 10% to Rs 550 per sq.ft in the 2024 revision.

This increase reflects the latest adjustment in the guideline value, moving from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. This change signifies the most recent update in the valuation for this street.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, indicating that C.T.C.Nagar Extention's 2024 figure is below this median.

• Cosmo Village Extention: Rs 990 per sq.ft (2024)
• Cosmo Village Avenue: Rs 720 per sq.ft (2024)
• Cosmo Nagar: Rs 550 per sq.ft (2024)
• Cosmo Garden: Rs 775 per sq.ft (2024)
• Devanga Nagar: Rs 550 per sq.ft (2024)
• Co-Operative Bank Colony: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in C.T.C.Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value is Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would amount to Rs 11,000. Thus, the total fees together would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.T.C.Nagar Extention?

The Sub Registrar Office that covers C.T.C.Nagar Extention is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Somayampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on property valuations.

Frequently asked questions

What is the current guideline value for C.T.C.Nagar Extention?

The current guideline value for C.T.C.Nagar Extention is Rs 550 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased by 10% from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024.

What is the land classification for C.T.C.Nagar Extention?

C.T.C.Nagar Extention is classified as Residential Class I Type - II.

Where is the Sub Registrar Office for C.T.C.Nagar Extention located?

The Sub Registrar Office for C.T.C.Nagar Extention is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in C.T.C.Nagar Extention?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.