Guideline Value for CLASSIC GARDEN

Classic Garden guideline value

The current guideline value of Classic Garden in Veerapandi village, under the Nallur_Tiruppur SRO, is Rs 1,031 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - I land.

How the guideline value of Classic Garden has changed

The guideline value of Classic Garden has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 920 per sq.ft. In 2017, this value changed to Rs 616 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%, reaching Rs 920 per sq.ft again. The latest revision in 2024 set the value at Rs 1,031 per sq.ft, marking a 12% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%, indicating a steady rise in the valuation of properties in this area.

Guideline values in Veerapandi

Veerapandi village comprises 214 streets under the Nallur_Tiruppur SRO, with a 2024 guideline value range from Rs 700 to Rs 2,750 per sq.ft. The median value for these streets is Rs 709 per sq.ft, and Classic Garden's 2024 figure of Rs 1,031 per sq.ft is above this median.

• Cmc Green Avenue: Rs 708 per sq.ft (2024)
• College Pudur: Rs 1,031 per sq.ft (2024)
• Chinnsamygounderlay Out: Rs 708 per sq.ft (2024)
• Chinnapalanisamy Gounder Nagar: Rs 718 per sq.ft (2024)
• Dhanalakshmi Nagar (358): Rs 1,031 per sq.ft (2024)
• Dharapuram Road: Rs 896 per sq.ft (2024)

Stamp duty and registration fee for property in Classic Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,031 per sq.ft, the total guideline value would be Rs 10,31,000. The stamp duty, charged at 7%, would amount to Rs 72,170, while the registration fee at 2% would be Rs 20,620. Together, these fees would total Rs 92,790. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Classic Garden?

The Classic Garden area falls under the jurisdiction of the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Veerapandi. It serves as a benchmark for determining the official value of the property at the time of registration. Buyers and sellers must consider this value to ensure that the transaction aligns with government regulations and tax obligations.

At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial implications based on the established guideline value.

Frequently asked questions

What is the current guideline value of Classic Garden?

The current guideline value of Classic Garden is Rs 1,031 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 920 per sq.ft in 2012 to Rs 616 per sq.ft in 2017, then back to Rs 920 per sq.ft in 2023, and finally to Rs 1,031 per sq.ft in 2024.

What is the land classification of Classic Garden?

Classic Garden is classified as Mixed Type - I land, which indicates a blend of residential and commercial usage.

Where is the Nallur_Tiruppur Sub Registrar Office located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Classic Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 72,170.