Guideline Value for CORAL RESIDENCY PHASE III

Coral Residency Phase III guideline value

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

The guideline value for Coral Residency Phase III has been consistent in recent revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

From 2023 to 2024, there was a change of +0%. Thus, the guideline value has remained stable at Rs 1,000 per sq.ft for both years.

Guideline values in Vellanaipatty

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

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

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

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. It is important to note that the 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 more details.

Which Sub Registrar Office covers Coral Residency Phase III?

The Ganapathy Sub Registrar Office covers Coral Residency Phase III. The office is 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 in the registration process when buying or selling property in Vellanaipatty. It serves as a benchmark for calculating the stamp duty and registration fees that are required during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately, and the appropriate fees are collected based on this value. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of Coral Residency Phase III 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 Rs 1,000 per sq.ft from the 2023 revision to the 2024 revision. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Coral Residency Phase III?

Coral Residency Phase III is classified as Residential Special Type - V under the land classification system.

What is the stamp duty for a property in Coral Residency Phase III?

The stamp duty for a property valued at Rs 10,00,000 in Coral Residency Phase III would be Rs 70,000, calculated at 7% of the guideline value.

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

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.