Guideline Value for Blue Crest

Blue Crest guideline value

The current guideline value of Blue Crest is Rs 4,535 per sq.ft. This street is located in Ward 10 village under the Peelamedu SRO, classified as Residential Special Type - II.

How the guideline value of Blue Crest has changed

In the 2017 revision, the guideline value was Rs 2,760 per sq.ft. This increased to Rs 4,120 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision set the guideline value at Rs 4,535 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft. The median value is Rs 2,200 per sq.ft, which means Blue Crest's 2024 figure is above that median.

• Cauvery Lane: Rs 1,980 per sq.ft (2024)
• Cauvery Road (or) Street: Rs 1,980 per sq.ft (2024)
• Chinna Maruthasalam Street: Rs 2,200 per sq.ft (2024)
• Chitrampalam Layout: Rs 2,200 per sq.ft (2024)
• C.M.C.Colony: Rs 2,200 per sq.ft (2024)
• Councilor Lane: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Crest

For a 1,000 sq.ft plot at the current rate of Rs 4,535 per sq.ft, the guideline value amounts to Rs 45,35,000. The stamp duty at 7% would be Rs 3,17,450, and the registration fee at 2% would be Rs 90,700, totaling Rs 4,08,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Blue Crest?

The Sub Registrar Office that covers Blue Crest is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. 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 critical factor in the registration process when buying or selling property in Ward 10. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs involved in property transactions.

When a property is sold, the guideline value is used to determine the applicable taxes, ensuring that both the buyer and seller comply with local regulations. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Blue Crest?

The current guideline value of Blue Crest is Rs 4,535 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,760 per sq.ft to Rs 4,535 per sq.ft in 2024. This represents a total increase of 64% over the seven years.

What are the stamp duty and registration fees for properties in Blue Crest?

For a property valued at Rs 45,35,000, the stamp duty would be Rs 3,17,450 and the registration fee would be Rs 90,700, totaling Rs 4,08,150. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Blue Crest?

The Peelamedu Sub Registrar Office handles registrations for Blue Crest. It is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Blue Crest?

Blue Crest is classified as Residential Special Type - II, which indicates its intended use for residential purposes within the area.