Guideline Value for CORAL RESIDENCY PHASE - VII

Coral Residency Phase - VII guideline value

The current guideline value of Coral Residency Phase - VII is Rs 1,000 per sq.ft. 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 - VII has changed

The guideline value for Coral Residency Phase - VII has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,000 per sq.ft, indicating a change of +0% from 2023 to 2024.

Thus, the current guideline value reflects stability in the pricing for this property. The consistent value across the last two revisions suggests that the property has maintained its valuation without fluctuation.

Guideline values in Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 335 per sq.ft. Coral Residency Phase - VII is positioned above this median at Rs 1,000 per sq.ft.

• Coral Residency Phase VI: Rs 1,000 per sq.ft (2024)
• Coral Residency Phase V: 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 - VII

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the 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, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Coral Residency Phase - VII?

The Coral Residency Phase - VII is covered by 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 plays a crucial role during property transactions in Vellanaipatty. It is used to determine the stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When purchasing a property, the guideline value is considered by the registration office to calculate the applicable fees. This value serves as a benchmark for transactions, ensuring that properties are registered at a fair and standardized rate.

Frequently asked questions

What is the current guideline value of Coral Residency Phase - VII?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Coral Residency Phase - VII?

Coral Residency Phase - VII is classified as Residential Special Type - V. This classification is important for understanding the zoning and usage of the property.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Coral Residency Phase - VII?

The Ganapathy Sub Registrar Office covers Coral Residency Phase - VII and is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.