Guideline Value for COASTAL REDIDENCY

Coastal Redidency guideline value

The current guideline value for Coastal Redidency is Rs 385 per sq.ft, effective from 1 July 2024. This property is located in Aarampakkam village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Coastal Redidency has changed

The guideline value register for Coastal Redidency shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 385 per sq.ft.

As there are no figures for the previous revisions, there are no changes to report between the revisions. The current guideline value remains consistent with the 2024 revision.

Guideline values in Aarampakkam

Aarampakkam village has 10 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 115 to Rs 550 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing Coastal Redidency's value above this median.

• Coastal Castle: Rs 385 per sq.ft (2024)
• Birundhavan Garden: Rs 165 per sq.ft (2024)
• Ecr Sai Enclave Phase I: Rs 115 per sq.ft (2024)
• New City Layout: Rs 165 per sq.ft (2024)
• Vaibav Gardens: Rs 495 per sq.ft (2024)
• Vignesh Avenue: Rs 275 per sq.ft (2024)

Stamp duty and registration fee for property in Coastal Redidency

For a 1,000 sq.ft plot at the current rate of Rs 385 per sq.ft, the guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, totaling Rs 34,650. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Coastal Redidency?

The Coastal Redidency property falls under the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aarampakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of their financial obligations. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Coastal Redidency?

The current guideline value of Coastal Redidency is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 385 per sq.ft.

What are the guideline values of other streets in Aarampakkam?

In Aarampakkam, the guideline values for other streets range from Rs 115 to Rs 550 per sq.ft. Coastal Redidency's value is above the median of Rs 330 per sq.ft.

What are the stamp duty and registration fees for Coastal Redidency?

For a 1,000 sq.ft plot, the guideline value is Rs 3,85,000. The stamp duty at 7% is Rs 26,950, and the registration fee at 2% is Rs 7,700, totaling Rs 34,650.

Which office handles the registration for Coastal Redidency?

The registration for Coastal Redidency is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.