Guideline Value for CHITRA -KALAPPATTI ROAD

Chitra -Kalappatti Road guideline value

The current guideline value of Chitra -Kalappatti Road is Rs 1,555 per sq.ft, effective from 1 July 2024. This road is located in Kalapatty_west village, under the Gandhipuram SRO, and falls under the Commercial Class I Type - II land classification.

How the guideline value of Chitra -Kalappatti Road has changed

The guideline value for Chitra -Kalappatti Road has undergone several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 1,555 per sq.ft, marking an increase of 11% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 66%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The changes observed between the revisions show a significant increase of 49% from 2017 to 2023, highlighting the upward trend in the guideline value over the years.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a guideline value for 2024, ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,060 per sq.ft. Chitra -Kalappatti Road's 2024 figure is above this median.

• Civil Aerodrome Road: Rs 2,020 per sq.ft (2024)
• C.N.Vasantham Nagar (Kalappatti): Rs 1,050 per sq.ft (2024)
• College Nagar: Rs 1,050 per sq.ft (2024)
• Cotton City: Rs 1,055 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 Chitra -Kalappatti Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,555 per sq.ft, the total guideline value amounts to Rs 15,55,000. The stamp duty at 7% would be Rs 1,08,850, and the registration fee at 2% would be Rs 31,100, making the total cost for these fees Rs 1,39,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chitra -Kalappatti Road?

The Chitra -Kalappatti Road is covered by 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 a crucial factor when buying or selling property in Kalapatty_west. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Chitra -Kalappatti Road?

The current guideline value of Chitra -Kalappatti Road is Rs 1,555 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 66%, rising from Rs 938 per sq.ft to Rs 1,555 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 1,39,950, which includes a stamp duty of Rs 1,08,850 and a registration fee of Rs 31,100.

Which Sub Registrar Office covers this area?

The Gandhipuram Sub Registrar Office covers Chitra -Kalappatti Road, located near Saravanampatti Police Station in Coimbatore.

What other streets have guideline values in Kalapatty_west?

Other streets in Kalapatty_west include Civil Aerodrome Road at Rs 2,020 per sq.ft, C.N.Vasantham Nagar (Kalappatti) and College Nagar both at Rs 1,050 per sq.ft, and Cotton City at Rs 1,055 per sq.ft.