Guideline Value for C.N.VASANTHAM NAGAR (KALAPPATTI)

C.N.Vasantham Nagar (Kalappatti) guideline value

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

How the guideline value of C.N.Vasantham Nagar (Kalappatti) has changed

The guideline value for C.N.Vasantham Nagar (Kalappatti) has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a change of +199%. The latest 2024 revision set the guideline value at Rs 1,050 per sq.ft, reflecting a +5% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, 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 the 2024 figure for C.N.Vasantham Nagar (Kalappatti) below the median.

• College Nagar: Rs 1,050 per sq.ft (2024)
• Civil Aerodrome Road: Rs 2,020 per sq.ft (2024)
• Cotton City: Rs 1,055 per sq.ft (2024)
• Chitra -Kalappatti Road: Rs 1,555 per sq.ft (2024)
• Cri Nagar: Rs 1,050 per sq.ft (2024)
• C.R.I.Nagar (Valiyampalayam): Rs 1,050 per sq.ft (2024)

Stamp duty and registration fee for property in C.N.Vasantham 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, bringing the total to Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.N.Vasantham Nagar (Kalappatti)?

The Sub Registrar Office that covers C.N.Vasantham 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 information.

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 reference point for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of C.N.Vasantham Nagar (Kalappatti)?

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

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by +213%, from Rs 335 per sq.ft to Rs 1,050 per sq.ft in 2024.

What is the registration office for C.N.Vasantham Nagar (Kalappatti)?

The registration office for C.N.Vasantham Nagar (Kalappatti) is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.

What are the stamp duty and registration fees for a property in C.N.Vasantham Nagar (Kalappatti)?

For a property valued at Rs 10,50,000, the stamp duty would be Rs 73,500 and the registration fee would be Rs 21,000, totaling Rs 94,500.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded accurately and that the correct taxes are collected.