Guideline Value for Classic Garden Extn.,

Classic Garden Extn., guideline value

The current guideline value of Classic Garden Extn., located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,020 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class V Type - I land classification.

How the guideline value of Classic Garden Extn., has changed

The guideline value for Classic Garden Extn., has seen significant changes over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase of 199%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 raised the value to Rs 1,020 per sq.ft, marking a 2% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 580%, reflecting the changes over the years.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value of Classic Garden Extn., at Rs 1,020 per sq.ft, is above this median.

• Classic Garden: Rs 1,000 per sq.ft (2024)
• Church Street (Annapoorani Layout): Rs 1,000 per sq.ft (2024)
• Church Street: Rs 1,000 per sq.ft (2024)
• Chozhan Nagar: Rs 1,000 per sq.ft (2024)
• Cooli Nesavalar Colony: Rs 1,015 per sq.ft (2024)
• Co-operative Colony: Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Classic Garden Extn.,

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, totaling Rs 91,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Classic Garden Extn.,?

The Classic Garden Extn., area is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Classic Garden Extn.,?

The current guideline value of Classic Garden Extn., is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,020 per sq.ft in 2024, with various increases and decreases along the way.

What are the stamp duty and registration fees for a property in Classic Garden Extn.,?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty is Rs 71,400, and the registration fee is Rs 20,400, totaling Rs 91,800.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How do I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.