Guideline Value for CITY RESIDENCY

City Residency guideline value

The current guideline value for City Residency in Chinnavedampatty. is Rs 1,502 per sq.ft, effective from 1 July 2024. This property falls under the Gandhipuram SRO and is classified as Mixed Type - III.

How the guideline value of City Residency has changed

The guideline value for City Residency has remained consistent at Rs 1,502 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was no change in the guideline value, maintaining the rate at Rs 1,502 per sq.ft. This consistency indicates stability in the valuation for this property over the last two revisions.

Guideline values in Chinnavedampatty.

In Chinnavedampatty., there are 144 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median guideline value for the village is Rs 1,095 per sq.ft, placing City Residency above this median.

• C.K.S. Nagar: Rs 1,095 per sq.ft (2024)
• Chinnavedampatti Natham: Rs 1,090 per sq.ft (2024)
• Dejavu Tranz Heaven: Rs 2,000 per sq.ft (2024)
• Dhanabagyam Layout: Rs 1,095 per sq.ft (2024)
• Dhandapani Veethi: Rs 1,090 per sq.ft (2024)
• Chellammal Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in City Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 1,502 per sq.ft, the total guideline value amounts to Rs 15,02,000. The stamp duty at 7% would be Rs 1,05,140, and the registration fee at 2% would be Rs 30,040, making the total cost for these fees Rs 1,35,180. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers City Residency?

The Sub Registrar Office that covers City Residency is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chinnavedampatty. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are based on a reliable valuation of the property.

Frequently asked questions

What is the current guideline value for City Residency?

The current guideline value for City Residency is Rs 1,502 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for City Residency has remained at Rs 1,502 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Chinnavedampatty?

The median guideline value in Chinnavedampatty is Rs 1,095 per sq.ft, with City Residency's value being above this median.

What are the stamp duty rates for property in City Residency?

The stamp duty for property in City Residency is charged at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 15,02,000 would incur a stamp duty of Rs 1,05,140.

Where is the Sub Registrar Office for City Residency located?

The Sub Registrar Office for City Residency is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.