Guideline Value for Coconut Forms

Coconut Forms guideline value

The current guideline value for Coconut Forms in Siru Mathoor village, under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Coconut Forms has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This remained unchanged in the 2017 revision, where it was also Rs 600 per sq.ft. However, the 2017 revision saw a significant increase from Rs 402 per sq.ft in the 2012 revision, marking a 49% increase. The 2023 revision also maintained the guideline value at Rs 600 per sq.ft, showing no change from the previous year.

As of the 2024 revision, the guideline value remains at Rs 600 per sq.ft, indicating no change from the 2023 revision. Overall, from the 2012 revision to the 2024 revision, there has been a 0% change in the guideline value.

Guideline values in Siru Mathoor

Siru Mathoor village has 24 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The guideline value for Coconut Forms is equal to the median value of Rs 600 per sq.ft.

• Ciril Castal: Rs 2,250 per sq.ft (2024)
• C.S.Sai Nagar Padappai: Rs 600 per sq.ft (2024)
• Docla Project: Rs 1,810 per sq.ft (2024)
• Bhavani Nagar: Rs 250 per sq.ft (2024)
• EVP Antiha Nagar: Rs 600 per sq.ft (2024)
• Gandhi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Coconut Forms

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Coconut Forms?

The Sub Registrar Office that covers Coconut Forms is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Siru Mathoor. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Coconut Forms?

The current guideline value for Coconut Forms is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Coconut Forms has seen several revisions. It was Rs 600 per sq.ft in 2012, 2017, and 2023, with a significant increase from Rs 402 per sq.ft in 2012 to Rs 600 per sq.ft in 2017. The value remained unchanged from 2023 to 2024.

What is the land classification for Coconut Forms?

The land classification for Coconut Forms is Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Coconut Forms?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Coconut Forms located?

The Sub Registrar Office for Coconut Forms is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.