Guideline Value for CHILDREN'S PARK STREET

Children's Park Street guideline value

The current guideline value of Children's Park Street is Rs 302 per sq.ft, effective from 1 July 2024. This street is located in Anaimalai Hills village, under the Anaimalai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Children's Park Street has changed

In the 2007 revision, the guideline value was Rs 120 per sq.ft. This increased to Rs 200 per sq.ft in 2012, marking a rise of 67%. However, in the 2017 revision, the value dropped significantly to Rs 134 per sq.ft, a decrease of 33%. From 2017 to 2023, the value surged to Rs 300 per sq.ft, reflecting an increase of 124%. The latest revision in 2024 has set the guideline value at Rs 302 per sq.ft, a rise of 1% from the previous year.

There are no figures available for the years 2002 and 2003 for Children's Park Street. Overall, from 2007 to 2024, the guideline value has increased by 152%.

Guideline values in Anaimalai Hills

In Anaimalai Hills, there are 121 streets under the Anaimalai SRO, with guideline values ranging from Rs 300 to Rs 450 per sq.ft as of 2024. The median value is Rs 300 per sq.ft, which means that the 2024 guideline value of Rs 302 per sq.ft for Children's Park Street is above this median.

• CHINKONA 1st DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 2nd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 3rd DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 4th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 6th DIVISION: Rs 300 per sq.ft (2024)
• CHINKONA 8th DIVISION: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Children's Park Street

For a 1,000 sq.ft plot at the current rate of Rs 302 per sq.ft, the guideline value amounts to Rs 3,02,000. The stamp duty at 7% would be Rs 21,140, and the registration fee at 2% would be Rs 6,040, totaling Rs 27,180. 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 further calculations.

Which Sub Registrar Office covers Children's Park Street?

The Sub Registrar Office that covers Children's Park Street is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Anaimalai Hills. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency in property transactions and helps in avoiding undervaluation.

Frequently asked questions

What is the current guideline value of Children's Park Street?

The current guideline value of Children's Park Street is Rs 302 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2007 to Rs 302 per sq.ft in 2024, reflecting an overall increase of 152% over the years.

What are the stamp duty and registration fees for property in Children's Park Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 27,180, based on the current guideline value of Rs 3,02,000.

Which Sub Registrar Office is responsible for Children's Park Street?

The Anaimalai Sub Registrar Office is responsible for Children's Park Street, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

What is the land classification of Children's Park Street?

Children's Park Street is classified as Residential Class I Type - II, indicating its suitability for residential development.