Guideline Value for Classic Delex Right House

Classic Delex Right House guideline value

The current guideline value of Classic Delex Right House is Rs 1,650 per sq.ft, effective from 1 July 2024. It is located in Telgupalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Classic Delex Right House has changed

The guideline value for Classic Delex Right House has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,500 per sq.ft, which was then increased by 10% to Rs 1,650 per sq.ft in the 2024 revision.

This increase reflects a change from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The current guideline value is above the median of Rs 1,002 per sq.ft for the 223 streets in Telgupalayam that fall under the Coimbatore South Joint 1 SRO.

Guideline values in Telgupalayam

In Telgupalayam, the guideline values for 2024 range from Rs 1,000 to Rs 4,000 per sq.ft, with a median value of Rs 1,002 per sq.ft. Classic Delex Right House's guideline value of Rs 1,650 per sq.ft is above this median.

• Chinnaswamy Nagar: Rs 1,000 per sq.ft (2024)
• Chinnash Konar Street: Rs 1,002 per sq.ft (2024)
• Chinnasamy Naidu Thottam: Rs 1,000 per sq.ft (2024)
• Chinnanna Chettiar Street: Rs 1,000 per sq.ft (2024)
• Chindabaranar Veedhi: Rs 1,001 per sq.ft (2024)
• Devi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Classic Delex Right House

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Classic Delex Right House?

The Sub Registrar Office covering Classic Delex Right House is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Telgupalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction price. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Classic Delex Right House?

The current guideline value for Classic Delex Right House is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Telgupalayam?

In Telgupalayam, other streets have guideline values ranging from Rs 1,000 to Rs 1,002 per sq.ft in 2024. Classic Delex Right House's value is above the median of Rs 1,002 per sq.ft for the area.

How is the stamp duty calculated for properties in Classic Delex Right House?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Where is the Sub Registrar Office for Classic Delex Right House located?

The Sub Registrar Office for Classic Delex Right House is located at No.410a, Raja Street, Coimbatore-641001, under the Coimbatore South Joint 1 SRO.