Guideline Value for CORAL RESIDENCY PHASE VI

Coral Residency Phase VI guideline value

The current guideline value of Coral Residency Phase VI is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Vellanaipatty village under the Ganapathy SRO and is classified as Residential Special Type - V.

How the guideline value of Coral Residency Phase VI has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The 2023 revision also recorded a guideline value of Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was a change of +0%, keeping the guideline value at Rs 1,000 per sq.ft. This indicates stability in the guideline value for Coral Residency Phase VI over these two revisions.

Guideline values in Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. Coral Residency Phase VI's value is above the median of Rs 335 per sq.ft.

• Coral Residency Phase V: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase - VII: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase IV: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase III: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase II: Rs 1,005 per sq.ft (2024)
• Coral Residency: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Coral Residency Phase VI

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total cost of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Coral Residency Phase VI?

The Coral Residency Phase VI falls under the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vellanaipatty. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to refer to the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Coral Residency Phase VI?

The current guideline value of Coral Residency Phase VI is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for the years 2002, 2003, 2007, 2012, and 2017 for Coral Residency Phase VI. The guideline value was Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change.

What is the median guideline value in Vellanaipatty?

The median guideline value in Vellanaipatty is Rs 335 per sq.ft, with Coral Residency Phase VI's value being above this median at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for Coral Residency Phase VI?

The stamp duty for a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft is Rs 70,000, while the registration fee is Rs 20,000, totaling Rs 90,000.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.