Guideline Value for ANNAI GARDEN (KALAPPATTI)

Annai Garden (Kalappatti) guideline value

The current guideline value of Annai Garden (Kalappatti) is Rs 1,065 per sq.ft, effective from 1 July 2024. This property is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Residential Class I Type - I.

How the guideline value of Annai Garden (Kalappatti) has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, reflecting an 87% rise. The most recent revision in 2024 has set the guideline value at Rs 1,065 per sq.ft, marking a 7% increase from 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 99%. This substantial rise indicates changing valuations over the years, culminating in the current rate of Rs 1,065 per sq.ft.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,055 per sq.ft, making the 2024 figure for Annai Garden (Kalappatti) above this median.

• Annai Nagar (Veeriyampalayam): Rs 1,045 per sq.ft (2024)
• Annai Pillayar Koil Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Annamalai Industrial Park (Kalappatti): Rs 1,060 per sq.ft (2024)
• Annamalai Residency: Rs 1,040 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,040 per sq.ft (2024)
• Amudham Nagar: Rs 1,580 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Garden (Kalappatti)

For a 1,000 sq.ft plot at the current rate of Rs 1,065 per sq.ft, the guideline value amounts to Rs 10,65,000. The stamp duty at 7% would be Rs 74,550, and the registration fee at 2% would be Rs 21,300, totaling Rs 95,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annai Garden (Kalappatti)?

The Sub Registrar Office that covers Annai Garden (Kalappatti) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in KALAPATTY_East. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Annai Garden (Kalappatti)?

The current guideline value of Annai Garden (Kalappatti) is Rs 1,065 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 1,065 per sq.ft in 2024, representing a total increase of 99% over this period.

What is the land classification of Annai Garden (Kalappatti)?

Annai Garden (Kalappatti) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Annai Garden (Kalappatti)?

The Gandhipuram Sub Registrar Office covers Annai Garden (Kalappatti) and is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the stamp duty calculated for property in Annai Garden (Kalappatti)?

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 10,65,000, the stamp duty would be Rs 74,550 at 7%.