Guideline Value for Ceylon Colony (Ward 14)

Ceylon Colony (Ward 14) guideline value

The current guideline value for Ceylon Colony (Ward 14) is Rs 1,030 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Ceylon Colony (Ward 14) has changed

Over the years, the guideline value for Ceylon Colony (Ward 14) has seen significant changes. The 2012 revision set the value at Rs 450 per sq.ft, which increased to Rs 301 per sq.ft in 2017. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking a substantial increase of 232%. The latest revision in 2024 shows a further increase to Rs 1,030 per sq.ft, representing a 3% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 129%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing Ceylon Colony (Ward 14) below this median.

• Castles Eden Enclave: Rs 1,035 per sq.ft (2024)
• Carmel Nagar (Ward 15): Rs 1,035 per sq.ft (2024)
• Chandre Gounder Street (Ward 20): Rs 1,040 per sq.ft (2024)
• Chandre Gounder Street (Ward 21): Rs 1,040 per sq.ft (2024)
• Chathiram Street: Rs 1,055 per sq.ft (2024)
• Bungalow (R.M.T) Street: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Ceylon Colony (Ward 14)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,030 per sq.ft, the total guideline value would be Rs 10,30,000. The stamp duty at 7% would amount to Rs 72,100, and the registration fee at 2% would be Rs 20,600, bringing the total to Rs 92,700. 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 Ceylon Colony (Ward 14)?

The Sub Registrar Office that covers Ceylon Colony (Ward 14) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kurichi. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally documented and the government receives the appropriate revenue.

When a property is sold, the buyer and seller must refer to the guideline value to calculate the necessary fees. This ensures transparency and compliance with the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Ceylon Colony (Ward 14)?

The current guideline value for Ceylon Colony (Ward 14) is Rs 1,030 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 1,030 per sq.ft in 2024, with significant increases noted in the years 2017 and 2023.

What are the stamp duty and registration fees for property in Ceylon Colony (Ward 14)?

For a property valued at Rs 10,30,000, the stamp duty would be Rs 72,100 and the registration fee would be Rs 20,600, totaling Rs 92,700.

Which office handles registrations for Ceylon Colony (Ward 14)?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Ceylon Colony (Ward 14), located at District Registrar Office, Syryan Church Road, Coimbatore.

What is the land classification for Ceylon Colony (Ward 14)?

Ceylon Colony (Ward 14) is classified as Residential Class II Type - III, indicating its suitability for residential development.