Guideline Value for CHITRA -KALAPPATTI ROAD

Chitra -Kalappatti Road guideline value

The current guideline value of Chitra -Kalappatti Road is Rs 1,560 per sq.ft, effective from 1 July 2024. This road is located in KALAPATTY_East village, under the Gandhipuram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Chitra -Kalappatti Road has changed

The guideline value for Chitra -Kalappatti Road has undergone several revisions in recent years. The 2017 revision set the value at Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,560 per sq.ft, which is an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 value for these streets is Rs 1,055 per sq.ft, indicating that Chitra -Kalappatti Road's 2024 figure is above that median.

• Civil Aerodrome Road: Rs 2,010 per sq.ft (2024)
• C.N.Vasantham Nagar (Kalappatti): Rs 1,045 per sq.ft (2024)
• Coconut Valley: Rs 1,010 per sq.ft (2024)
• College Nagar: Rs 1,045 per sq.ft (2024)
• Corral Enclave: Rs 1,010 per sq.ft (2024)
• Cotton City: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Chitra -Kalappatti Road

For a 1,000 sq.ft plot at the current rate of Rs 1,560 per sq.ft, the guideline value amounts to Rs 15,60,000. The stamp duty at 7% would be Rs 1,09,200, and the registration fee at 2% would be Rs 31,200, totaling Rs 1,40,400. 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 Chitra -Kalappatti Road?

The Sub Registrar Office that covers Chitra -Kalappatti Road 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_East

The guideline value is crucial when registering property transactions in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly.

When you buy or sell property, the guideline value will influence the stamp duty and registration fees you need to pay. It is essential 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 Chitra -Kalappatti Road?

The current guideline value of Chitra -Kalappatti Road is Rs 1,560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023, and then to Rs 1,560 per sq.ft in 2024, marking significant increases over the years.

What is the land classification for Chitra -Kalappatti Road?

Chitra -Kalappatti Road is classified as Commercial Class I Type - II according to the current registration guidelines.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 15,60,000, the stamp duty would be Rs 1,09,200 and the registration fee would be Rs 31,200, totaling Rs 1,40,400.

Where is the Sub Registrar Office for Chitra -Kalappatti Road located?

The Sub Registrar Office is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.