Guideline Value for BRIGHT GARDEN

Bright Garden guideline value

The current guideline value of Bright Garden, located in Chettipalayam village under the Kinathukkadavu SRO, is Rs 280 per sq.ft. This rate is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Bright Garden has changed

The guideline value register for Bright Garden shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 280 per sq.ft.

As there are no figures available for the previous revisions mentioned, it can be concluded that the current figure is the only one recorded for this street in the guideline value register.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 680 per sq.ft. The median value for these streets is Rs 280 per sq.ft, and the guideline value for Bright Garden is equal to this median.

• Chairman Kali Gounder Street: Rs 280 per sq.ft (2024)
• Chinnayan Chettiar Street: Rs 280 per sq.ft (2024)
• Coimbatore Telephone Employees Nagar: Rs 280 per sq.ft (2024)
• Devaraj Chettiar Street: Rs 280 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 280 per sq.ft (2024)
• Bhathirakaliamman Kovil Street: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Bright Garden

For a 1,000 sq.ft plot at the current rate of Rs 280 per sq.ft, the guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, making the total Rs 25,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Bright Garden?

Bright Garden falls under the jurisdiction of the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO online for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Chettipalayam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the state.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Bright Garden?

The current guideline value of Bright Garden is Rs 280 per sq.ft, effective from 1 July 2024.

What is the land classification for Bright Garden?

Bright Garden is classified as Residential Class I Type - I according to the guideline value register.

How has the guideline value changed over the years?

There are no recorded figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Bright Garden. The only figure available is Rs 280 per sq.ft from the 2024 revision.

What are the guideline values for other streets in Chettipalayam?

Other streets in Chettipalayam have guideline values ranging from Rs 225 to Rs 680 per sq.ft, with several streets, including Chairman Kali Gounder Street and Chinnayan Chettiar Street, also valued at Rs 280 per sq.ft.

Where can I find the Kinathukkadavu Sub Registrar Office?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.