Guideline Value for CLASSIC CITY (B BLOCK)

Classic City (B Block) guideline value

The current guideline value of Classic City (B Block) is Rs 1,045 per sq.ft. This property is located in Anupparpalayam village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Classic City (B Block) has changed

In the 2023 revision, the guideline value for Classic City (B Block) was Rs 1,000 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,045 per sq.ft, reflecting a change of +5%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2023 and 2024, showing a clear upward adjustment in the guideline value. The previous 2023 figure of Rs 1,000 per sq.ft has been revised to Rs 1,045 per sq.ft in 2024.

Guideline values in Anupparpalayam

In Anupparpalayam, there are 44 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,400 per sq.ft, with a median value of Rs 1,025 per sq.ft. The guideline value for Classic City (B Block) is above this median.

• Classic City (A Block): Rs 1,045 per sq.ft (2024)
• Classic City (C Block): Rs 1,045 per sq.ft (2024)
• BY -Pass Road: Rs 1,400 per sq.ft (2024)
• Breeze Avenue: Rs 1,015 per sq.ft (2024)
• Fathima Nagar: Rs 1,040 per sq.ft (2024)
• Gandhi Nagar: Rs 1,025 per sq.ft (2024)

Stamp duty and registration fee for property in Classic City (B Block)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value would be Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, making the total charges Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Classic City (B Block)?

The Sub Registrar Office that covers Classic City (B Block) 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 Anupparpalayam

The guideline value plays a crucial role in the registration process of property transactions in Anupparpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value must be considered, as it can affect the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Classic City (B Block)?

The current guideline value of Classic City (B Block) is Rs 1,045 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Classic City (B Block) was Rs 1,000 per sq.ft in 2023 and has increased to Rs 1,045 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Classic City (B Block)?

Classic City (B Block) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. Together, these fees can add a significant amount to the overall cost of a property transaction.

Where can I find the Sub Registrar Office for Classic City (B Block)?

The Sub Registrar Office for Classic City (B Block) is located at the Coimbatore North Joint 1 Sub Registrar Office, District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.