Guideline Value for CLASSIQUE RESIDENCY

Classique Residency guideline value

The current guideline value of Classique Residency in Bilichi village, under the Periyanayakkan Palayam SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - IV.

How the guideline value of Classique Residency has changed

The guideline value register for Classique Residency shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 600 per sq.ft.

Since there are no figures for previous years, there have been no changes in the guideline value for this street across the listed revisions. The 2024 figure is the first recorded value for Classique Residency.

Guideline values in Bilichi

In Bilichi, there are 44 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 825 per sq.ft, with a median value of Rs 310 per sq.ft. The guideline value for Classique Residency is above this median.

• Brickland Platinum: Rs 500 per sq.ft (2024)
• Emerald Square: Rs 240 per sq.ft (2024)
• Innisai Nagar: Rs 140 per sq.ft (2024)
• J J Nagar: Rs 250 per sq.ft (2024)
• Athens Gardens: Rs 200 per sq.ft (2024)
• Amaravathi Enclave: Rs 480 per sq.ft (2024)

Stamp duty and registration fee for property in Classique Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Classique Residency?

The Sub Registrar Office that covers Classique Residency is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Bilichi. It determines the base amount on which stamp duty and registration fees are calculated, ensuring that both the buyer and seller adhere to legal requirements during the sale.

When a property is sold, the guideline value helps in establishing a fair price for the transaction, which is essential for both parties involved. It also aids in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Classique Residency?

The current guideline value of Classique Residency is Rs 600 per sq.ft, effective from 1 July 2024.

What is the land classification for Classique Residency?

The land classification for Classique Residency is Residential Class III Type - IV.

Have there been any previous guideline value revisions for Classique Residency?

The guideline value register shows no figures for Classique Residency in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How does the guideline value compare to other streets in Bilichi?

The guideline value of Rs 600 per sq.ft for Classique Residency is above the median value of Rs 310 per sq.ft for other streets in Bilichi. Other streets have varying guideline values ranging from Rs 100 to Rs 825 per sq.ft.

Where can I find the Sub Registrar Office for Classique Residency?

The Sub Registrar Office for Classique Residency is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.