Guideline Value for ANNAI PILLAYAR KOIL STREET (KALAPPATTI)

Annai Pillayar Koil Street (Kalappatti) guideline value

The current guideline value of Annai Pillayar Koil Street (Kalappatti) is Rs 1,050 per sq.ft, effective from 1 July 2024. This street is located in Kalapatty_west village under the Gandhipuram SRO, classified as Residential Class II Type - I.

How the guideline value of Annai Pillayar Koil Street (Kalappatti) has changed

The guideline value for Annai Pillayar Koil Street (Kalappatti) has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 335 per sq.ft. It increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% increase. The latest revision in 2024 set the value at Rs 1,050 per sq.ft, reflecting a 5% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 213%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, making the current value of Annai Pillayar Koil Street (Kalappatti) slightly below the median.

• Annai Nagar (Veeriyampalayam): Rs 1,050 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 per sq.ft (2024)
• Annamalai Industrial Park (Kalappatti): Rs 1,060 per sq.ft (2024)
• Annamalai Residency: Rs 1,045 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Anna Street (Valiyampalayam): Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Annai Pillayar Koil Street (Kalappatti)

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 10,50,000. The stamp duty at 7% would amount to Rs 73,500, and the registration fee at 2% would be Rs 21,000, bringing the total charges to Rs 94,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers Annai Pillayar Koil Street (Kalappatti)?

The Sub Registrar Office that covers Annai Pillayar Koil Street (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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kalapatty_west. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price, with the duty being charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Annai Pillayar Koil Street (Kalappatti)?

The current guideline value of Annai Pillayar Koil Street (Kalappatti) is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 335 per sq.ft in 2017 to Rs 1,050 per sq.ft in 2024. This represents an overall increase of 213% over the seven years.

What is the land classification for Annai Pillayar Koil Street (Kalappatti)?

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

Which Sub Registrar Office is responsible for Annai Pillayar Koil Street (Kalappatti)?

The Gandhipuram Sub Registrar Office is responsible for Annai Pillayar Koil Street (Kalappatti). It is located near Saravanampatti Police Station in Coimbatore.

How is the stamp duty calculated for properties in Kalapatty_west?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 10,50,000 would incur a stamp duty of Rs 73,500 at a rate of 7%.