Guideline Value for ANNAMALAI INDUSTRIAL PARK (KALAPPATTI)

Annamalai Industrial Park (Kalappatti) guideline value

The current guideline value for Annamalai Industrial Park (Kalappatti) is Rs 1,060 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 - II.

How the guideline value of Annamalai Industrial Park (Kalappatti) has changed

The guideline value for Annamalai Industrial Park (Kalappatti) has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 469 per sq.ft. This figure increased to Rs 1,000 per sq.ft in 2023, marking a significant rise of 113%. The most recent revision in 2024 set the guideline value at Rs 1,060 per sq.ft, reflecting a further increase of 6% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 126%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,055 per sq.ft. The guideline value for Annamalai Industrial Park (Kalappatti) is above this median, indicating its position within the local market.

• Annamalai Residency: Rs 1,040 per sq.ft (2024)
• Annai Pillayar Koil Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Annai Nagar (Veeriyampalayam): Rs 1,045 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,040 per sq.ft (2024)
• Anna Street (Valiyampalayam): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Annamalai Industrial Park (Kalappatti)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,060 per sq.ft, the total guideline value amounts to Rs 10,60,000. The stamp duty at 7% would be Rs 74,200, and the registration fee at 2% would be Rs 21,200, bringing the total to Rs 95,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Annamalai Industrial Park (Kalappatti)?

The Sub Registrar Office that covers Annamalai Industrial Park (Kalappatti) is the Gandhipuram Sub Registrar Office. The address is 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 an essential factor when buying or selling property in KALAPATTY_East. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. The guideline value is used to ensure that the property is registered at a fair price, reflecting the local market conditions.

When a buyer or seller engages in a property transaction, the guideline value helps to establish a legal framework for the sale. It ensures that all parties involved are aware of the financial obligations tied to the property, including the necessary fees that must be settled before the registration can take place.

Frequently asked questions

What is the current guideline value for Annamalai Industrial Park (Kalappatti)?

The current guideline value for Annamalai Industrial Park (Kalappatti) is Rs 1,060 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 126%, rising from Rs 469 per sq.ft to Rs 1,060 per sq.ft.

What was the guideline value in 2023?

The guideline value for Annamalai Industrial Park (Kalappatti) in 2023 was Rs 1,000 per sq.ft.

Which Sub Registrar Office covers this area?

The Gandhipuram Sub Registrar Office covers Annamalai Industrial Park (Kalappatti). It is located on Kalapatti Road, near Saravanampatti Police Station.

How are stamp duty and registration fees calculated for properties in this area?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,60,000, the total stamp duty and registration fees would amount to Rs 95,400.