Guideline Value for CORAL RESIDENCY PHASE IV

Coral Residency Phase IV guideline value

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

How the guideline value of Coral Residency Phase IV has changed

The guideline value for Coral Residency Phase IV has undergone several revisions over the years. The register does not contain 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, effective from 1 July 2024.

From 2023 to 2024, there was a change of +0%, maintaining the guideline value at Rs 1,000 per sq.ft. This consistency indicates stability in the valuation for this property over the last two years.

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. The median guideline value for these streets is Rs 335 per sq.ft, placing Coral Residency Phase IV above this median.

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

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, 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Coral Residency Phase IV?

The Ganapathy Sub Registrar Office covers Coral Residency Phase IV. 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 determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Coral Residency Phase IV 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 are the guideline values for other streets in Vellanaipatty?

Other streets in Vellanaipatty have varying guideline values, with Coral Residency Phase IV set above the median of Rs 335 per sq.ft. For instance, Coral Residency Phase II is valued at Rs 1,005 per sq.ft, while Coral Residency Phase III, V, VI, and VII are all valued at Rs 1,000 per sq.ft.

How is stamp duty calculated for properties in Coral Residency Phase IV?

Stamp duty for properties in Coral Residency Phase IV is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft results in a total guideline value of Rs 10,00,000, leading to a stamp duty of Rs 70,000.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. This office handles the registration of properties in Coral Residency Phase IV.