Guideline Value for ASHOK NAGAR (KALAPPATTI)

Ashok Nagar (Kalappatti) guideline value

The current guideline value of Ashok Nagar (Kalappatti) is Rs 1,050 per sq.ft, effective from 1 July 2024. This area is located in Kalapatty_west village and falls under the Gandhipuram SRO, classified as Residential Class II Type - I.

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

Over the years, the guideline value of Ashok Nagar (Kalappatti) has seen significant changes. The 2017 revision recorded a guideline value of Rs 335 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a substantial increase of 199%. The latest revision in 2024 raised the value to Rs 1,050 per sq.ft, reflecting a 5% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 213%.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 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 these streets is Rs 1,060 per sq.ft, making Ashok Nagar’s 2024 figure of Rs 1,050 per sq.ft below that median.

• Ashok Layout (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Atharsh Garden (Kalappatti): Rs 1,045 per sq.ft (2024)
• Avinashi Road: Rs 3,920 per sq.ft (2024)
• Arum Lily: Rs 1,265 per sq.ft (2024)
• Arulanantha Puram: Rs 1,045 per sq.ft (2024)
• Arulanantha Nagar (Thottipalayam): Rs 1,045 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 1,050 per sq.ft, the guideline value amounts to Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, making the total Rs 94,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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. To find your SRO, click here.

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

The guideline value is an essential metric used during the registration of property transactions in Kalapatty_west. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the government collects the appropriate taxes on property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as it reflects the official valuation of real estate in the area.

Frequently asked questions

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

The current guideline value of Ashok Nagar (Kalappatti) is Rs 1,050 per sq.ft, effective from 1 July 2024.

How much 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, which is an overall increase of 213%.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 73,500, and the registration fee would be Rs 21,000, totaling Rs 94,500 based on the current guideline value.

Which Sub Registrar Office covers Ashok Nagar (Kalappatti)?

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

How is the guideline value determined for Ashok Nagar (Kalappatti)?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically based on various factors affecting property values in the area.