Guideline Value for CORAL RESIDENCY PHASE V

Coral Residency Phase V guideline value

The current guideline value of Coral Residency Phase V 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 V has changed

The guideline value for Coral Residency Phase V has remained consistent over 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, and it remained unchanged in the 2024 revision, which also set the value at Rs 1,000 per sq.ft, resulting in a change of +0% from 2023 to 2024.

Overall, the guideline value has been stable in recent years, with both the 2023 and 2024 revisions reflecting the same rate. This stability indicates a consistent valuation for this property within the specified timeframe.

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. The median value for these streets is Rs 335 per sq.ft, placing Coral Residency Phase V's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total charges to Rs 90,000. It is important to note that the 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 V?

The Ganapathy Sub Registrar Office covers Coral Residency Phase V. 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 property transactions in Vellanaipatty. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This value is essential for ensuring that the transaction is registered accurately and legally.

When selling a property, the guideline value helps establish a baseline for pricing. Buyers and sellers often refer to this value to negotiate the sale price, ensuring that both parties are aware of the official valuation set by the registration department.

Frequently asked questions

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

The current guideline value of Coral Residency Phase V 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. 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 V?

Coral Residency Phase V is classified as Residential Special Type - V, indicating its designation for residential purposes within the area.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total charges would amount to 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.