Guideline Value for BLUE HEAVEN PHASE II

Blue Heaven Phase II guideline value

The current guideline value of Blue Heaven Phase II is Rs 1,010 per sq.ft. This property is located in Kurichi village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Blue Heaven Phase II has changed

The guideline value for Blue Heaven Phase II has seen significant changes over the years. The 2017 revision set the value at Rs 201 per sq.ft, which then increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 1,010 per sq.ft, marking a 1% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 402%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 1,040 per sq.ft. The guideline value for Blue Heaven Phase II is below this median.

• Blue Heaven: Rs 1,010 per sq.ft (2024)
• Boyar Street (Ward 8): Rs 1,030 per sq.ft (2024)
• Bungalow (R.M.T) Street: Rs 1,075 per sq.ft (2024)
• Carmel Nagar (Ward 15): Rs 1,035 per sq.ft (2024)
• Castles Eden Enclave: Rs 1,035 per sq.ft (2024)
• Ceylon Colony (Ward 14): Rs 1,030 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Heaven Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, making the total cost for stamp duty and registration fees Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Blue Heaven Phase II?

The Sub Registrar Office that covers Blue Heaven Phase II is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. For further details, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and legally. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Blue Heaven Phase II?

The current guideline value of Blue Heaven Phase II is Rs 1,010 per sq.ft as per the 2024 revision.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 402%, from Rs 201 per sq.ft to Rs 1,010 per sq.ft in 2024.

What is the registration office for Blue Heaven Phase II?

The registration office for Blue Heaven Phase II is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in Blue Heaven Phase II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700 at a rate of 7%.

What is the land classification for Blue Heaven Phase II?

Blue Heaven Phase II is classified as Residential Class IV Type - I, which is important for understanding the potential uses of the property.