Guideline Value for Central Excise Colony

Central Excise Colony guideline value

The current guideline value of Central Excise Colony, located in Vadavalli village under the Vadavalli SRO, is Rs 1,870 per sq.ft, effective from 1 July 2024. This classification falls under Commercial Special Type - II.

How the guideline value of Central Excise Colony has changed

The guideline value for Central Excise Colony has seen several revisions over the years. In 2003, the value was Rs 182 per sq.ft, which increased significantly to Rs 325 per sq.ft in 2007. The value then rose dramatically to Rs 1,700 per sq.ft in 2012, but saw a decrease to Rs 1,139 per sq.ft by 2017. Following this, the value increased to Rs 1,700 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,870 per sq.ft. Notably, there is no figure available for the year 2002 in the register for this street.

From 2017 to 2023, the guideline value rose by 49%, while the increase from 2023 to 2024 was 10%. The value saw a remarkable increase of 423% from 2007 to 2012, and an increase of 79% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 927%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Central Excise Colony is above this median.

• Cellarium Aahana: Rs 1,565 per sq.ft (2024)
• BSA Nagar: Rs 1,100 per sq.ft (2024)
• Brindavan Arcade: Rs 1,002 per sq.ft (2024)
• BPR Nagar: Rs 1,100 per sq.ft (2024)
• BPC Nagar: Rs 1,100 per sq.ft (2024)
• Boopathi Raja Nagar: Rs 1,001 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 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, resulting in a total of Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Central Excise Colony?

The Central Excise Colony is covered by the Vadavalli Sub Registrar Office, located at Subregistrar Office, Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, 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 Vadavalli

The guideline value is a critical factor in the registration of property transactions in Vadavalli. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two amounts is used to determine the applicable stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Central Excise Colony?

The current guideline value of Central Excise Colony is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 182 per sq.ft in 2003 to Rs 1,870 per sq.ft in 2024, with various revisions occurring in between.

What is the land classification for Central Excise Colony?

Central Excise Colony is classified as Commercial Special Type - II, indicating its specific zoning for commercial use.

What are the stamp duty and registration fees for properties in Central Excise Colony?

The stamp duty is calculated at 7% of the higher of the guideline value or sale price, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,68,300.

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

The Vadavalli Sub Registrar Office covers Central Excise Colony and is located at Subregistrar Office, Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.