Guideline Value for CLASSIC MEADOWS

Classic Meadows guideline value

The current guideline value of Classic Meadows is Rs 1,775 per sq.ft, effective from 1 July 2024. This property is located in Vellakinar, under the Gandhipuram SRO, and is classified as Residential Class V Type - I.

How the guideline value of Classic Meadows has changed

The guideline value for Classic Meadows has remained constant at Rs 1,775 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In the 2023 revision, the guideline value was also Rs 1,775 per sq.ft. As such, there has been no change in the guideline value between 2023 and 2024, reflecting a 0% increase.

Guideline values in Vellakinar.

In Vellakinar, there are 107 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,030 to Rs 2,886 per sq.ft, with a median value of Rs 1,876 per sq.ft. The guideline value for Classic Meadows is below this median.

• Doctors Township: Rs 1,270 per sq.ft (2024)
• Don Bosco Puram: Rs 1,030 per sq.ft (2024)
• D.P.F.Nagar: Rs 1,876 per sq.ft (2024)
• Dr.AMBEDHKAR NAGAR: Rs 1,030 per sq.ft (2024)
• Casagrand Solitaire: Rs 1,070 per sq.ft (2024)
• Casagrand Cosmos: Rs 1,070 per sq.ft (2024)

Stamp duty and registration fee for property in Classic Meadows

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 17,75,000. The stamp duty at 7% would be Rs 1,24,250, and the registration fee at 2% would be Rs 35,500, resulting in a total of Rs 1,59,750. 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 Classic Meadows?

The Sub Registrar Office that covers Classic Meadows 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 Vellakinar.

The guideline value is a crucial factor in the registration process when buying or selling property in Vellakinar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Classic Meadows?

The current guideline value of Classic Meadows is Rs 1,775 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Classic Meadows has remained at Rs 1,775 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Classic Meadows?

Classic Meadows is classified as Residential Class V Type - I, indicating its use for residential purposes within the Gandhipuram SRO.

How is stamp duty calculated for properties in Classic Meadows?

Stamp duty for properties in Classic Meadows is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,24,250 at the current guideline value.

Where can I find the Sub Registrar Office for Classic Meadows?

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