Guideline Value for CHERAN INDUSTRIAL ESTATE (KALAPPATTI)

Cheran Industrial Estate (Kalappatti) guideline value

The current guideline value of Cheran Industrial Estate (Kalappatti) is Rs 1,055 per sq.ft, effective from 1 July 2024. This property is located in Kalapatty_west village under the Gandhipuram SRO, classified as Residential Class I Type - III.

How the guideline value of Cheran Industrial Estate (Kalappatti) has changed

The guideline value for Cheran Industrial Estate (Kalappatti) has seen significant changes over the years. In the 2017 revision, the value was Rs 402 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 149% increase. The most recent revision in 2024 has set the value at Rs 1,055 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 162%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 1,060 per sq.ft. The guideline value for Cheran Industrial Estate (Kalappatti) is below this median.

• Cheran Garden: Rs 1,055 per sq.ft (2024)
• Cheran Avenue Phase III: Rs 1,065 per sq.ft (2024)
• Chettinadu Bargundy: Rs 1,555 per sq.ft (2024)
• Casa Grande: Rs 1,060 per sq.ft (2024)
• B Vijayalakshmi Avenue: Rs 1,050 per sq.ft (2024)
• Brinda Nagar: Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Industrial Estate (Kalappatti)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, while the registration fee at 2% would be Rs 21,100, bringing the total to Rs 94,950. 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 Cheran Industrial Estate (Kalappatti)?

The Sub Registrar Office that covers Cheran Industrial Estate (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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kalapatty_west. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Cheran Industrial Estate (Kalappatti)?

The current guideline value of Cheran Industrial Estate (Kalappatti) is Rs 1,055 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 402 per sq.ft to Rs 1,055 per sq.ft in 2024, representing an overall increase of 162%.

What is the registration office for Cheran Industrial Estate (Kalappatti)?

The registration office for Cheran Industrial Estate (Kalappatti) is the Gandhipuram Sub Registrar Office, located on Kalapatti Road, near Saravanampatti Police Station.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 10,55,000, the stamp duty would be Rs 73,850 and the registration fee would be Rs 21,100, totaling Rs 94,950.

What are the guideline values of other streets in Kalapatty_west?

Other streets in Kalapatty_west have guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft, with the median value being Rs 1,060 per sq.ft.