Guideline Value for CASTLES EDEN ENCLAVE

Castles Eden Enclave guideline value

The current guideline value of Castles Eden Enclave in Kurichi village, under the Coimbatore North Joint 1 SRO, is Rs 1,035 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - II land classification.

How the guideline value of Castles Eden Enclave has changed

The guideline value for Castles Eden Enclave has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase to Rs 1,000 per sq.ft, marking a 149% rise. The most recent revision in 2024 saw the guideline value increase to Rs 1,035 per sq.ft, a change of 4% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 figure to the 2024 figure, the guideline value has increased by 73%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,040 per sq.ft. The guideline value of Castles Eden Enclave is below this median.

• Carmel Nagar (Ward 15): Rs 1,035 per sq.ft (2024)
• Ceylon Colony (Ward 14): Rs 1,030 per sq.ft (2024)
• Chandre Gounder Street (Ward 20): Rs 1,040 per sq.ft (2024)
• Chandre Gounder Street (Ward 21): Rs 1,040 per sq.ft (2024)
• Bungalow (R.M.T) Street: Rs 1,075 per sq.ft (2024)
• Chathiram Street: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Castles Eden Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 1,035 per sq.ft, the total guideline value would be Rs 10,35,000. The stamp duty, charged at 7%, would amount to Rs 72,450, while the registration fee at 2% would be Rs 20,700. Together, the total charges would be Rs 93,150. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Castles Eden Enclave?

The Sub Registrar Office that covers Castles Eden Enclave is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the property registration process in Kurichi. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate these fees.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This value is periodically revised, and staying updated can help buyers and sellers make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Castles Eden Enclave?

The current guideline value of Castles Eden Enclave is Rs 1,035 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,035 per sq.ft in 2024, reflecting an overall increase of 73%. The most significant increase occurred between 2017 and 2023, where it rose from Rs 402 per sq.ft to Rs 1,000 per sq.ft.

What is the land classification for Castles Eden Enclave?

Castles Eden Enclave is classified under Residential Class II Type - II. This classification is important for understanding the permissible uses of the land.

Where can I find the Sub Registrar Office for Castles Eden Enclave?

The Sub Registrar Office for Castles Eden Enclave is located at the District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is stamp duty calculated for properties in Castles Eden Enclave?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 72,450.