Guideline Value for CMC COLONY

Cmc Colony guideline value

The current guideline value of Cmc Colony, located in Sowripalayam village under the Peelamedu SRO, is Rs 2,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Cmc Colony has changed

The guideline value for Cmc Colony has been revised several times over the years. However, the register has no figure for this street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,300 per sq.ft, which is the only figure available for this street.

Since there have been no figures recorded for Cmc Colony in the previous revisions, the 2024 figure stands alone without any comparative changes. This consistency suggests that the guideline value has remained stable up to the current revision.

Guideline values in Sowripalayam

Sowripalayam village has a total of 186 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value for these streets is Rs 2,300 per sq.ft, which is equal to the guideline value for Cmc Colony.

• Church Street 1 to 4: Rs 2,300 per sq.ft (2024)
• Chinnasowripalayam Street 1 to 6: Rs 2,300 per sq.ft (2024)
• Dispensary Road or Lane: Rs 2,300 per sq.ft (2024)
• Duraisamy Layout: Rs 3,850 per sq.ft (2024)
• Durisamy Layout (Peelamedu pudur): Rs 3,850 per sq.ft (2024)
• Eala Thottam: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Cmc Colony

For a property in Cmc Colony, if you consider a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value comes to Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, while the registration fee at 2% would be Rs 46,000. Therefore, the total cost for stamp duty and registration fees would be Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations based on your specific property value.

Which Sub Registrar Office covers Cmc Colony?

The Sub Registrar Office that covers Cmc Colony is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, within the Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sowripalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the property is not undervalued during the transaction.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Cmc Colony?

The current guideline value of Cmc Colony is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value for Cmc Colony changed over the years?

There have been no recorded figures for Cmc Colony in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,300 per sq.ft.

What is the registration office for Cmc Colony?

The registration office for Cmc Colony is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is stamp duty calculated for properties in Cmc Colony?

Stamp duty for properties in Cmc Colony is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,00,000, the stamp duty would be Rs 1,61,000 at a rate of 7%.

What are the other streets with similar guideline values in Sowripalayam?

Other streets in Sowripalayam with a guideline value of Rs 2,300 per sq.ft include Church Street 1 to 4, Chinnasowripalayam Street 1 to 6, and Dispensary Road or Lane.