Guideline Value for Classic Park

Classic Park guideline value

The current guideline value of Classic Park in Kuniyamuthur village is Rs 1,003 per sq.ft, effective from 1 July 2024. This property falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Classic Park has changed

In the 2023 revision, the guideline value for Classic Park was Rs 1,000 per sq.ft. The 2024 revision increased this to Rs 1,003 per sq.ft, reflecting a change of +0%. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

As we look back further, there are no recorded figures for the years prior to 2023. The most recent revisions show a consistent approach to updating the guideline value to reflect current conditions.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 1,550 per sq.ft. The median guideline value for the area is Rs 1,003 per sq.ft, which matches the current value of Classic Park.

• Coimbatore City Government Employees Co.operative Building Society Colony: Rs 1,001 per sq.ft (2024)
• Church Street: Rs 1,001 per sq.ft (2024)
• Cholan Nagar Layout: Rs 1,200 per sq.ft (2024)
• Cosmo Colony: Rs 1,001 per sq.ft (2024)
• Crosscut Street I,II,III: Rs 1,000 per sq.ft (2024)
• Crusher Road: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Classic Park

For a 1,000 sq.ft plot at the current rate of Rs 1,003 per sq.ft, the guideline value amounts to Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, and the registration fee at 2% would be Rs 20,060, totaling Rs 90,270. 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 Park?

The Sub Registrar Office covering Classic Park 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 Kuniyamuthur

The guideline value is a crucial factor during the registration of property transactions in Kuniyamuthur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property.

When buying or selling property, the guideline value ensures that both parties are aware of the official value assigned to the property, which is used to calculate the necessary fees. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Classic Park?

The current guideline value of Classic Park is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Classic Park was Rs 1,000 per sq.ft in 2023, and it increased to Rs 1,003 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Classic Park?

Classic Park is classified as Residential Class II Type - II. This classification is important for understanding the zoning and potential uses of the property.

What are the stamp duty and registration fees for Classic Park?

For a 1,000 sq.ft plot at the current guideline value, the total costs would be Rs 90,270, which includes stamp duty and registration fees. The duty is based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Classic Park?

The Coimbatore South Joint 1 Sub Registrar Office covers Classic Park, located at No.410a, Raja Street, Coimbatore-641001. This office handles the registration of property transactions in the area.