Guideline Value for BLESSING CITY

Blessing City guideline value

The current guideline value of Blessing City, located in Veerapandi village under the Periyanayakkan Palayam SRO, is Rs 825 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Blessing City has changed

According to the guideline value register, there are no figures available for Blessing City from the revisions in 2002, 2003, 2007, 2012, and 2017. The guideline value for Blessing City was Rs 825 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 825 per sq.ft, which is the same as the previous year's figure. The change from 2023 to 2024 is recorded as +0%.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO that have a guideline value for 2024 ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, and Blessing City's 2024 figure of Rs 825 per sq.ft is above this median.

• Balu Garden Phase - II: Rs 1,050 per sq.ft (2024)
• Balu Garden: Rs 825 per sq.ft (2024)
• Athipalayam Road: Rs 235 per sq.ft (2024)
• Aruljothi Nagar: Rs 390 per sq.ft (2024)
• Arivolli Nagar (Ward No.4): Rs 220 per sq.ft (2024)
• Arivolli Nagar (Ward No.3): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Blessing City

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total cost for these fees Rs 74,250. 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 Blessing City?

The Sub Registrar Office that covers Blessing City is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Veerapandi. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the established values set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations during the registration process. This value helps in determining the official worth of the property for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Blessing City?

The current guideline value of Blessing City is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Blessing City has remained at Rs 825 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Blessing City?

The land classification for Blessing City is Residential Special Type - III. This classification affects the guideline value and potential uses of the property.

What are the stamp duty and registration fees for properties in Blessing City?

The stamp duty for properties in Blessing City is 7%, while the registration fee is 2%. For example, on a property with a guideline value of Rs 8,25,000, the total fees would amount to Rs 74,250.

Where can I find the Sub Registrar Office for Blessing City?

The Sub Registrar Office for Blessing City is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find more information by visiting the relevant link.