Guideline Value for CTC Colony

CTC Colony guideline value

The current guideline value of CTC Colony, located in Ward 3 village under the Pollachi SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of CTC Colony has changed

The guideline value of CTC Colony has undergone several revisions since 2002. The 2002 revision set the value at Rs 219 per sq.ft, which increased to Rs 256 per sq.ft in 2003, marking a change of +17%. The value then rose to Rs 285 per sq.ft in 2007 (+11%), followed by a decrease to Rs 350 per sq.ft in 2012 (+23%). The 2017 revision saw a significant increase to Rs 234 per sq.ft (+50%), but the value returned to Rs 350 per sq.ft in the 2023 revision, with no change (0%) noted for 2024.

Overall, from 2002 to 2024, the guideline value has increased by +60%. The register has no figure for CTC Colony for the years 2024 and 2023, indicating that the value has remained consistent at Rs 350 per sq.ft during this period.

Guideline values in Ward 3

In Ward 3, there are 46 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 883 per sq.ft, placing CTC Colony's 2024 figure below that median.

• Dr.Ambedkar Street: Rs 350 per sq.ft (2024)
• Gootset Road: Rs 1,250 per sq.ft (2024)
• Banglow Road: Rs 1,850 per sq.ft (2024)
• Jainulapdeen Shaib Street: Rs 1,500 per sq.ft (2024)
• Balamanikam Cheeti Street: Rs 911 per sq.ft (2024)
• Jeeva Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in CTC Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty, calculated at 7%, would be Rs 24,500, while the registration fee at 2% would be Rs 7,000. Together, the total cost for stamp duty and registration fees would be Rs 31,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CTC Colony?

The Sub Registrar Office that covers CTC Colony is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 3

The guideline value is an essential factor when registering property transactions in Ward 3. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When a property is bought or sold, the guideline value is used to calculate the necessary fees, which can vary based on the property's size and location. This process helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of CTC Colony?

The current guideline value of CTC Colony is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has changed from Rs 219 per sq.ft to Rs 350 per sq.ft in 2024, showing an overall increase of +60% over this period.

What is the median guideline value in Ward 3?

The median guideline value for the 46 streets in Ward 3 is Rs 883 per sq.ft, with CTC Colony's value being below this median.

What are the stamp duty and registration fees for property in CTC Colony?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Where is the Sub Registrar Office for CTC Colony located?

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