Guideline Value for ATHARSH GARDEN (KALAPPATTI)

Atharsh Garden (Kalappatti) guideline value

The current guideline value of Atharsh Garden (Kalappatti) is Rs 1,040 per sq.ft, effective from 1 July 2024. This property is located in KALAPATTY_East village under the Gandhipuram SRO and is classified as Residential Class II Type - II.

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

The guideline value for Atharsh Garden (Kalappatti) has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a change of 273%. The most recent revision in 2024 set the guideline value at Rs 1,040 per sq.ft, representing a 4% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 288%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

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 Atharsh Garden (Kalappatti) is below this median.

• Ashok Nagar (Kalappatti): Rs 1,045 per sq.ft (2024)
• 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)
• 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 Atharsh Garden (Kalappatti)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total to Rs 93,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Atharsh Garden (Kalappatti)?

The Sub Registrar Office that covers Atharsh 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 an essential factor in the registration process when buying or selling property in KALAPATTY_East. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and accountability in property transactions.

Frequently asked questions

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

The current guideline value of Atharsh Garden (Kalappatti) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 268 per sq.ft in 2017 to Rs 1,040 per sq.ft in 2024, marking an overall increase of 288% over this period.

What are the stamp duty and registration fees for a property in Atharsh Garden (Kalappatti)?

For a property valued at Rs 10,40,000, the stamp duty would be Rs 72,800, and the registration fee would be Rs 20,800, totaling Rs 93,600.

Which office handles the registration for Atharsh Garden (Kalappatti)?

The registration for Atharsh Garden (Kalappatti) is handled by the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station.

What is the land classification for Atharsh Garden (Kalappatti)?

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