Guideline Value for Chitrampalam Layout

Chitrampalam Layout guideline value

The current guideline value of Chitrampalam Layout is Rs 2,200 per sq.ft, effective from 1 July 2024. This layout is located in Ward 10 village under the Peelamedu SRO and is classified as Residential Class I Type - III.

How the guideline value of Chitrampalam Layout has changed

The guideline value for Chitrampalam Layout has seen several revisions over the years. In 2007, the value was Rs 570 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 251%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO carrying a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Chitrampalam Layout's 2024 figure matches this median.

• C.M.C.Colony: Rs 2,200 per sq.ft (2024)
• Chinna Maruthasalam Street: Rs 2,200 per sq.ft (2024)
• Councilor Lane: Rs 1,320 per sq.ft (2024)
• CR Sundaram Layout: Rs 2,750 per sq.ft (2024)
• CSR Layout: Rs 2,750 per sq.ft (2024)
• Devaraj Muthaliyar Layout: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Chitrampalam Layout

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chitrampalam Layout?

The Sub Registrar Office covering Chitrampalam Layout is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor in property transactions in Ward 10, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Chitrampalam Layout?

The current guideline value of Chitrampalam Layout is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 570 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

What are the stamp duty and registration fees for properties in Chitrampalam Layout?

For a 1,000 sq.ft property at the current guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Chitrampalam Layout?

The Peelamedu Sub Registrar Office handles registrations for Chitrampalam Layout, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and to calculate stamp duty and registration fees during a property transaction.