Guideline Value for COVAI POLICE ENCLAVE

Covai Police Enclave guideline value

The current guideline value of Covai Police Enclave is Rs 375 per sq.ft, effective from 1 July 2024. This property is located in Vellanaipatty village under the Ganapathy SRO, classified as Residential Class II Type - III.

How the guideline value of Covai Police Enclave has changed

In the 2023 revision, the guideline value was Rs 336 per sq.ft. The most recent revision in 2024 increased this value to Rs 375 per sq.ft, marking a change of +12%. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the only recorded revisions for Covai Police Enclave are from 2023 and 2024. The increase from 2023 to 2024 reflects the current valuation trends as noted in the guideline value register.

Guideline values in Vellanaipatty

Vellanaipatty has a total of 110 streets under the Ganapathy SRO, with 2024 guideline values ranging from Rs 220 to Rs 1,500 per sq.ft. The median value for these streets is Rs 335 per sq.ft, placing Covai Police Enclave's 2024 figure above the median.

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

Stamp duty and registration fee for property in Covai Police Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 375 per sq.ft, the total guideline value amounts to Rs 3,75,000. The stamp duty at 7% would be Rs 26,250, and the registration fee at 2% would be Rs 7,500, bringing the total fees to Rs 33,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Covai Police Enclave?

The Covai Police Enclave 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 is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vellanaipatty, it is essential to ensure that the sale price meets or exceeds the guideline value to comply with registration requirements.

Additionally, the guideline value affects the calculation of stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value for Covai Police Enclave?

The current guideline value for Covai Police Enclave is Rs 375 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 336 per sq.ft in 2023 to Rs 375 per sq.ft in 2024, which is a change of +12%.

What is the median guideline value for streets in Vellanaipatty?

The median guideline value for streets in Vellanaipatty is Rs 335 per sq.ft, with Covai Police Enclave's value being above this median.

What are the registration fees for property in Covai Police Enclave?

For a property valued at Rs 3,75,000, the stamp duty would be Rs 26,250 and the registration fee would be Rs 7,500, totaling Rs 33,750.

Which office handles property registrations in Covai Police Enclave?

The Ganapathy Sub Registrar Office handles property registrations for Covai Police Enclave, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.