Guideline Value for Blue Heaven

Blue Heaven guideline value

The current guideline value of Blue Heaven, located in Kurichi village, is Rs 1,010 per sq.ft. This value is effective from 1 July 2024 and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Blue Heaven has changed

Over the years, the guideline value of Blue Heaven has seen several revisions. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised the guideline value to Rs 1,010 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

In terms of percentage changes, the guideline value increased by 24% from 2017 to 2023, and by 1% from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has risen by 26%.

Guideline values in Kurichi

In Kurichi, there are a total of 536 streets under the Coimbatore North Joint 1 SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,040 per sq.ft, making Blue Heaven's current value below the median.

• Blue Heaven Phase II: 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

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

You can use our stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Blue Heaven?

The Sub Registrar Office that covers Blue Heaven is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Kurichi. When buying or selling property, this value is used to determine the stamp duty and registration fees that must be paid. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values will be used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Blue Heaven?

The current guideline value of Blue Heaven is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,010 per sq.ft in 2024, reflecting a 26% overall increase over this period.

What are the guideline values in Kurichi?

In Kurichi, the guideline values for 2024 range from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,040 per sq.ft.

How is stamp duty calculated for property in Blue Heaven?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 90,900.

Where can I find the Sub Registrar Office for Blue Heaven?

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