Guideline Value for ASHOK NAGAR (KALAPPATTI)

Ashok Nagar (Kalappatti) guideline value

The current guideline value of Ashok Nagar (Kalappatti) is Rs 1,045 per sq.ft, effective from 1 July 2024. This area falls under KALAPATTY_East village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this location is the Gandhipuram SRO.

How the guideline value of Ashok Nagar (Kalappatti) has changed

The guideline value for Ashok Nagar (Kalappatti) has seen significant changes over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This figure increased dramatically to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% rise. The most recent revision in 2024 shows a further increase to Rs 1,045 per sq.ft, which is a 5% rise from the previous year.

It is important to note that 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 212%.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for this area is Rs 1,055 per sq.ft, placing Ashok Nagar (Kalappatti) below this median.

• Ashok Nagar Extention V: Rs 1,060 per sq.ft (2024)
• Ashok Nagar Extension VI: Rs 1,590 per sq.ft (2024)
• Ashok Layout (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Atharsh Garden (Kalappatti): Rs 1,040 per sq.ft (2024)
• Avinashi Road: Rs 3,920 per sq.ft (2024)
• Arulanantha Puram: Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar (Kalappatti)

For a 1,000 sq.ft plot at the current rate of Rs 1,045 per sq.ft, the guideline value amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total to Rs 94,050. It is important to note that 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 Ashok Nagar (Kalappatti)?

The Sub Registrar Office that covers Ashok Nagar (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 crucial factor when buying or selling property in KALAPATTY_East. It determines the minimum value at which a property can be registered, ensuring that the transaction is officially recognized by the authorities. Buyers and sellers should be aware that this value can affect the overall cost of the transaction, including stamp duty and registration fees.

When registering a property, the guideline value will be used to calculate the applicable fees. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar (Kalappatti)?

The current guideline value of Ashok Nagar (Kalappatti) is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 1,045 per sq.ft in 2024, marking a total increase of 212% over this period.

What is the median guideline value in KALAPATTY_East?

The median guideline value in KALAPATTY_East is Rs 1,055 per sq.ft, which is higher than the current value of Ashok Nagar (Kalappatti).

What are the stamp duty and registration fees for property in Ashok Nagar (Kalappatti)?

For a property valued at Rs 10,45,000, the stamp duty would be Rs 73,150 and the registration fee would be Rs 20,900, totaling Rs 94,050.

Which office handles the registration for Ashok Nagar (Kalappatti)?

The Gandhipuram Sub Registrar Office handles the registration for Ashok Nagar (Kalappatti), located near Saravanampatti Police Station.