Guideline Value for BRIGHT GARDEN

Bright Garden guideline value

The current guideline value of Bright Garden is Rs 326 per sq.ft, effective from 1 July 2024. This area is located in Anaimalai village, under the Anaimalai SRO, classified as Residential Class II Type - I.

How the guideline value of Bright Garden has changed

In the 2012 revision, the guideline value was Rs 325 per sq.ft. This figure decreased to Rs 218 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 326 per sq.ft. The 2023 revision maintained this value through to the 2024 revision, resulting in no percentage change.

There are no figures available for the revisions in 2002, 2003, and 2007 for Bright Garden. Overall, comparing the values from 2012 to 2024, the guideline value has remained the same at Rs 326 per sq.ft.

Guideline values in Anaimalai

In Anaimalai, there are 144 streets under the Anaimalai SRO, with the 2024 guideline values ranging from Rs 200 to Rs 826 per sq.ft. The median guideline value for these streets is Rs 326 per sq.ft, which is equal to the current value for Bright Garden.

• Brindavan Nagar: Rs 350 per sq.ft (2024)
• Chikkannan Street: Rs 200 per sq.ft (2024)
• Doctors Colony: Rs 300 per sq.ft (2024)
• Eagle Garden: Rs 350 per sq.ft (2024)
• East Siviar Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 234 per sq.ft (2024)

Stamp duty and registration fee for property in Bright Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 326 per sq.ft, the total guideline value would be Rs 3,26,000. The stamp duty at 7% would amount to Rs 22,820, and the registration fee at 2% would be Rs 6,520, making the total fees Rs 29,340. It is important to note that 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 Bright Garden?

The Sub Registrar Office that covers Bright Garden is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Anaimalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bright Garden?

The current guideline value of Bright Garden is Rs 326 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2012 to Rs 218 per sq.ft in 2017, then increased to Rs 326 per sq.ft in 2023 and remained the same in 2024.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Bright Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Anaimalai Sub Registrar Office located?

The Anaimalai Sub Registrar Office is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

What other streets have guideline values in Anaimalai?

Other streets in Anaimalai include Brindavan Nagar at Rs 350 per sq.ft, Chikkannan Street at Rs 200 per sq.ft, Doctors Colony at Rs 300 per sq.ft, Eagle Garden at Rs 350 per sq.ft, East Siviar Street at Rs 200 per sq.ft, and Balaji Nagar at Rs 234 per sq.ft for 2024.