Guideline Value for Coral Avenue Phase -I

Coral Avenue Phase -I guideline value

The current guideline value of Coral Avenue Phase -I is Rs 400 per sq.ft. This property is located in Keerapakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Coral Avenue Phase -I has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. However, in the 2017 revision, it decreased to Rs 268 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 400 per sq.ft again, representing a significant increase of 49% from the 2017 figure.

Overall, comparing the guideline values from 2012 to 2023 shows no change, as the value remains at Rs 400 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, there are no specific guideline values provided for other streets in Keerapakkam. Coral Avenue Phase -I is situated within the Gooduvancheri SRO jurisdiction.

Stamp duty and registration fee for property in Coral Avenue Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty, calculated at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000 for both fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Coral Avenue Phase -I?

The Coral Avenue Phase -I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Keerapakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Coral Avenue Phase -I?

The current guideline value of Coral Avenue Phase -I is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained unchanged at Rs 400 per sq.ft in 2023, despite a drop to Rs 268 per sq.ft in 2017.

What are the stamp duty and registration fees for properties in Coral Avenue Phase -I?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles the registration for Coral Avenue Phase -I?

The Gooduvancheri Sub Registrar Office handles the registration for Coral Avenue Phase -I, located on Defence Colony Road, near the Veterinary Hospital in Guduvancheri.

Are there other streets in Keerapakkam with guideline values?

Currently, there are no specific guideline values provided for other streets in Keerapakkam, apart from Coral Avenue Phase -I.