Guideline Value for Caption Palaniswamy Layout

Caption Palaniswamy Layout guideline value

The current guideline value of Caption Palaniswamy Layout is Rs 2,600 per sq.ft, effective from 1 July 2024. This layout is located in Ward 13 village under the Coimbatore South Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Caption Palaniswamy Layout has changed

In the 2023 revision, the guideline value was set at Rs 2,300 per sq.ft. The most recent revision in 2024 increased this figure to Rs 2,600 per sq.ft, reflecting a change of +13%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

With the 2024 revision, Caption Palaniswamy Layout's guideline value aligns with the median of Rs 2,600 per sq.ft for the 56 streets in Ward 13 under the Coimbatore South Joint 1 SRO, which range from Rs 2,000 to Rs 4,000 per sq.ft.

Guideline values in Ward 13

In Ward 13, the guideline values for various streets range from Rs 2,000 to Rs 4,000 per sq.ft, with Caption Palaniswamy Layout's value being equal to the median of Rs 2,600 per sq.ft. The following are the guideline values for other streets in Ward 13:

• Bharathi Nagar: Rs 2,000 per sq.ft (2024)
• Banari amman Kovi Street: Rs 2,000 per sq.ft (2024)
• G.N.V.Layout: Rs 2,600 per sq.ft (2024)
• G.R.D.Layout: Rs 2,600 per sq.ft (2024)
• G.V.D.Layout: Rs 2,600 per sq.ft (2024)
• A.R.G.P.Balagurumoorthy Chettiar Layout: Rs 2,600 per sq.ft (2024)

Stamp duty and registration fee for property in Caption Palaniswamy Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value would be Rs 26,00,000. The stamp duty at 7% would amount to Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total to Rs 2,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Caption Palaniswamy Layout?

The Caption Palaniswamy Layout falls under the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 13

The guideline value is a crucial factor during the registration of property transactions in Ward 13. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair transaction price. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Caption Palaniswamy Layout?

The current guideline value of Caption Palaniswamy Layout is Rs 2,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,300 per sq.ft in 2023 to Rs 2,600 per sq.ft in 2024, representing a +13% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values for other streets in Ward 13?

Other streets in Ward 13 have guideline values ranging from Rs 2,000 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,600 per sq.ft, which is the same as that of Caption Palaniswamy Layout.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

Where can I find the Sub Registrar Office for Caption Palaniswamy Layout?

The Sub Registrar Office covering Caption Palaniswamy Layout is the Coimbatore South Joint 1 SRO, located at No.410a, Raja Street, Coimbatore-641001.