Guideline Value for Classic Garden

Classic Garden guideline value

The current guideline value of Classic Garden is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Kavundampalayam village under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Classic Garden has changed

The guideline value for Classic Garden has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, showing an overall increase of 25% from the 2012 figure.

From 2017 to 2023, the guideline value rose by 87%, while there was no recorded figure for the years 2002, 2003, and 2007 for this street. The 2023 to 2024 revision saw no change, maintaining the value at Rs 1,000 per sq.ft.

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 the median being Rs 1,000 per sq.ft. Classic Garden's 2024 guideline value is equal to this median.

• Classic Garden Extn.,: Rs 1,020 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

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, making the total cost for these fees Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Classic Garden?

The Classic Garden 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 information.

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

When buying or selling property in Kavundampalayam, the guideline value plays a crucial role in determining the stamp duty and registration fees. Buyers must consider the guideline value as it is used to calculate these fees, ensuring compliance with local regulations.

It is essential for both buyers and sellers to be aware of the guideline value as it influences the overall transaction costs. Understanding the guideline value can help in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Classic Garden?

The current guideline value of Classic Garden 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 changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then increased to Rs 1,000 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam for 2024 is Rs 1,000 per sq.ft, which is the same as that of Classic Garden.

Where is the Vadavalli Sub Registrar Office located?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.