Guideline Value for C.W.S. COLONY

C.W.S. Colony guideline value

The current guideline value of C.W.S. Colony in Suleswaranpatty village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Pollachi SRO and is classified as Residential Class I Type - I.

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

The guideline value for C.W.S. Colony has undergone several revisions over the years. In 2007, the value was set at Rs 80 per sq.ft, which increased to Rs 100 per sq.ft in 2012, marking a 25% rise. However, it then decreased to Rs 67 per sq.ft in 2017, reflecting a decline of 33%. Since then, there was a significant increase of 199% to Rs 200 per sq.ft in 2023, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 150% to reach the current rate of Rs 200 per sq.ft.

Guideline values in Suleswaranpatty

Suleswaranpatty village has 79 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 200 to Rs 490 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the guideline value of C.W.S. Colony.

• City Babu Street: Rs 200 per sq.ft (2024)
• Dr.KALAINAR STREET-2: Rs 200 per sq.ft (2024)
• Dr.KALAINAR STREET-3: Rs 200 per sq.ft (2024)
• Dr.M.G.R.100 FEET SALAI: Rs 301 per sq.ft (2024)
• Elango Street: Rs 200 per sq.ft (2024)
• Erpathi Nagar: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The C.W.S. Colony 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Suleswaranpatty, as it determines the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty, which is charged based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of C.W.S. Colony is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 150% over the years.

What are the other streets in Suleswaranpatty with the same guideline value?

Other streets in Suleswaranpatty with the same guideline value of Rs 200 per sq.ft include City Babu Street, Dr.KALAINAR STREET-2, Dr.KALAINAR STREET-3, Elango Street, and Erpathi Nagar.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated for properties in C.W.S. Colony?

Stamp duty for properties in C.W.S. Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.