Guideline Value for CORAL CREST BY URBAN TREE

Coral Crest By Urban Tree guideline value

The current guideline value of Coral Crest By Urban Tree is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Cheranancheri village, under the Avadi SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Coral Crest By Urban Tree has changed

Over the years, the guideline value for Coral Crest By Urban Tree has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, an increase from the 2023 revision, which was Rs 2,000 per sq.ft. The change from 2023 to 2024 represents a 10% increase.

Prior to the 2023 revision, the guideline value register has no figures for the years 2017, 2012, 2007, 2003, and 2002. Therefore, we only have the figures from the 2023 and 2024 revisions to consider for this street.

Guideline values in Cheranancheri

Cheranancheri village has a range of guideline values across its 31 streets under the Avadi SRO. The 2024 figures for these streets vary from Rs 274 to Rs 3,000 per sq.ft, with a median value of Rs 1,540 per sq.ft. Coral Crest By Urban Tree's guideline value of Rs 2,200 per sq.ft is above this median.

• Chokkalingam Amsaveni Nagar: Rs 274 per sq.ft (2024)
• Ganapathy Nagar: Rs 330 per sq.ft (2024)
• Bajanai Koil Street: Rs 530 per sq.ft (2024)
• Annai Indira Nagar: Rs 274 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 580 per sq.ft (2024)
• Aditra Garder Phase - II: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Coral Crest By Urban Tree

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Coral Crest By Urban Tree?

The Coral Crest By Urban Tree property falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Cheranancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value serves as a benchmark. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead. This ensures that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value for Coral Crest By Urban Tree?

The current guideline value for Coral Crest By Urban Tree is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Coral Crest By Urban Tree?

Coral Crest By Urban Tree is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Coral Crest By Urban Tree?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.