Guideline Value for Classic Gardens

Classic Gardens guideline value

The current guideline value of Classic Gardens is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Classic Gardens has changed

The guideline value for Classic Gardens has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, this figure dropped to Rs 670 per sq.ft in 2017, before rising to Rs 1,000 per sq.ft in 2023. The current value is Rs 1,100 per sq.ft as per the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current value for Classic Gardens.

• Chozhan Nagar: Rs 1,100 per sq.ft (2024)
• CHOLAN Nagar (Ward No. 18): Rs 1,001 per sq.ft (2024)
• CHOLAN NAGAR Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• C.S. Nagar: Rs 1,100 per sq.ft (2024)
• C.S. Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• C.S. Nagar 2nd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Classic Gardens

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Classic Gardens?

The Sub Registrar Office covering Classic Gardens is 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 Vadavalli

The guideline value is a crucial factor in property transactions in Vadavalli. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should consult the latest figures to ensure compliance with local regulations and to accurately calculate their financial obligations.

Frequently asked questions

What is the current guideline value of Classic Gardens?

The current guideline value of Classic Gardens is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty and registration fees for properties in Classic Gardens?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Classic Gardens?

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

What is the land classification of Classic Gardens?

Classic Gardens is classified as Residential Class I Type - I, indicating it is designated for residential use.