Guideline Value for CORAL COUNTY

Coral County guideline value

The current guideline value of Coral County, located in Vasavasamuthiram village under the Thirukazhukundram SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Coral County has changed

In the 2023 revision, the guideline value for Coral County was set at Rs 400 per sq.ft. The current revision for 2024 shows an increase of 10%, bringing the value to Rs 440 per sq.ft. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, 2012, and 2017.

From the previous revisions, the guideline value has seen a steady increase, with the most recent change reflecting a positive adjustment. The increase from Rs 400 to Rs 440 indicates a move towards higher valuation in the locality.

Guideline values in Vasavasamuthiram

In Vasavasamuthiram, there are 10 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 935 per sq.ft, with a median value of Rs 385 per sq.ft. Coral County's 2024 figure of Rs 440 per sq.ft is above this median.

• Metro Garden City: Rs 580 per sq.ft (2024)
• 3 Star Farm House Alias Vip City In Mango Garden: Rs 580 per sq.ft (2024)
• Golden Grove Project: Rs 165 per sq.ft (2024)
• Indira Nagar: Rs 330 per sq.ft (2024)
• Jasmine Avenue: Rs 330 per sq.ft (2024)
• Raguman Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Coral County

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Coral County?

The Sub Registrar Office that covers Coral County is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Vasavasamuthiram. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the necessary fees. This ensures that the transaction reflects the official value set by the registration department, which is essential for legal documentation and taxation purposes.

Frequently asked questions

What is the current guideline value of Coral County?

The current guideline value of Coral County is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

In 2023, the guideline value was Rs 400 per sq.ft, which increased to Rs 440 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Coral County?

Coral County falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for Coral County?

For a 1,000 sq.ft plot at Rs 440 per sq.ft, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Coral County?

The Sub Registrar Office for Coral County is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.