Guideline Value for Bright Garden

Bright Garden guideline value

The current guideline value of Bright Garden, located in Kumarapalayam village, is Rs 1,000 per sq.ft. This value is set under the Coimbatore South Joint 1 SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Bright Garden has changed

The guideline value for Bright Garden has remained consistent at Rs 1,000 per sq.ft since the 2023 revision, which also recorded the same figure. There are no figures available for the street in the revisions of 2017, 2012, 2007, 2003, and 2002.

With the 2024 revision effective from 1 July 2024, the guideline value remains unchanged at Rs 1,000 per sq.ft, indicating a 0% change from the previous year. This consistency suggests stability in the valuation for this particular street.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,750 per sq.ft, with a median value of Rs 1,001 per sq.ft. Bright Garden's 2024 figure is below this median.

• Brindavan Garden: Rs 1,000 per sq.ft (2024)
• C.G.V.Nagar: Rs 1,000 per sq.ft (2024)
• Cheran Nagar: Rs 1,000 per sq.ft (2024)
• Chidambaram Colony: Rs 1,000 per sq.ft (2024)
• Chokkampudur Oorkattu: Rs 1,000 per sq.ft (2024)
• Chokkampudur Road: Rs 1,550 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. 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 details.

Which Sub Registrar Office covers Bright Garden?

The Sub Registrar Office that covers Bright Garden is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kumarapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the sale price. 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 1,000 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision, with no figures available for revisions prior to that, including 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Bright Garden?

Bright Garden is classified as Residential Class I Type - II under the Coimbatore South Joint 1 SRO.

What are the stamp duty and registration fees for property in Bright Garden?

For a 1,000 sq.ft plot, the guideline value is Rs 10,00,000, resulting in a total stamp duty of Rs 70,000 and a registration fee of Rs 20,000, totaling Rs 90,000.

Where can I find the Sub Registrar Office for Bright Garden?

The Sub Registrar Office for Bright Garden is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.