Guideline Value for Central Excise Colony

Central Excise Colony guideline value

The current guideline value of Central Excise Colony is Rs 780 per sq.ft, effective from 1 July 2024. This area is located in P. Chettipalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Central Excise Colony has changed

The guideline value for Central Excise Colony has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 780 per sq.ft, an increase from Rs 700 per sq.ft in the 2023 revision, marking an 11% rise. Prior to 2023, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline values for the available revisions are as follows: Rs 700 per sq.ft in 2023 and Rs 780 per sq.ft in 2024. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for Central Excise Colony.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value for the area is Rs 470 per sq.ft, and the current value for Central Excise Colony is above this median.

• Bommanaicker Street: Rs 220 per sq.ft (2024)
• Chinnamal Garden: Rs 550 per sq.ft (2024)
• Chinnamal Layout: Rs 550 per sq.ft (2024)
• Chinna Vedan Colony: Rs 220 per sq.ft (2024)
• C.J Layout: Rs 330 per sq.ft (2024)
• C.J. Plots: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Central Excise Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value would be Rs 7,80,000. The stamp duty at 7% would be Rs 54,600, and the registration fee at 2% would be Rs 15,600, bringing the total to Rs 70,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Central Excise Colony?

The Sub Registrar Office that covers Central Excise Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value plays a critical role in the registration process when buying or selling property in P. Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Central Excise Colony?

The current guideline value of Central Excise Colony is Rs 780 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 700 per sq.ft to Rs 780 per sq.ft, which is an 11% increase.

What is the land classification for Central Excise Colony?

The land classification for Central Excise Colony is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Central Excise Colony?

The Sub Registrar Office for Central Excise Colony is located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone.

How is the stamp duty calculated for properties in Central Excise Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 7,80,000, the stamp duty would be calculated at 7% of that amount.