Guideline Value for Century Garden

Century Garden guideline value

The current guideline value of Century Garden, located in Perundurai village under the Perundurai SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Century Garden has changed

The guideline value for Century Garden has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 220 per sq.ft. This remained unchanged in the subsequent revision in 2017, where it was also Rs 220 per sq.ft. However, in the 2017 revision, the value increased significantly by 50% to Rs 147 per sq.ft in 2023. The latest revision in 2024 has kept the guideline value steady at Rs 220 per sq.ft, reflecting no change from the previous year.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024 shows no change, indicating that the guideline value has remained consistent over this period despite fluctuations in earlier years.

Guideline values in Perundurai

In Perundurai, there are 88 streets under the Perundurai SRO that have a 2024 guideline value ranging from Rs 220 to Rs 1,650 per sq.ft, with a median value of Rs 400 per sq.ft. Century Garden's guideline value is below this median, indicating a lower price point compared to many other streets in the area.

• Ganapathy Nagar: Rs 350 per sq.ft (2024)
• Iswarya Nagar: Rs 271 per sq.ft (2024)
• Amman Nagar: Rs 271 per sq.ft (2024)
• Kathir Avenue: Rs 271 per sq.ft (2024)
• Laxmi Nagar: Rs 220 per sq.ft (2024)
• PS Teacher Houshing Nagar: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Century Garden

For a 1,000 sq.ft plot in Century Garden at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Century Garden?

The Sub Registrar Office that covers Century Garden is the Perundurai Sub Registrar Office, located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Perundurai

The guideline value plays a crucial role in the registration process of property transactions in Perundurai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are documented at a standard value, which helps in maintaining transparency in property dealings.

When buying or selling property, the guideline value is used to determine the applicable fees, which are calculated based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Century Garden?

The current guideline value of Century Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with notable changes from Rs 147 per sq.ft in 2017 to Rs 220 per sq.ft in 2023 and 2024. The value has remained consistent at Rs 220 per sq.ft since 2012, with no change overall from 2012 to 2024.

What is the land classification of Century Garden?

Century Garden is classified as Residential Class I Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Century Garden?

For a 1,000 sq.ft plot at the current guideline value of Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles registrations for Century Garden?

The Perundurai Sub Registrar Office handles registrations for Century Garden, located at No.102/105, Agrahara Veethi, Perundurai- 638 052, Coimbatore registration zone.