Guideline Value for COCONUT VALLEY

Coconut Valley guideline value

The current guideline value for Coconut Valley, located in KALAPATTY_East village under the Gandhipuram SRO, is Rs 1,010 per sq.ft. This value is effective from the 1st of July, 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Coconut Valley has changed

The guideline value for Coconut Valley has seen several revisions over the years. In the 2017 revision, the value was set at Rs 536 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking an increase of 87% over six years. The most recent revision in 2024 has further raised the guideline value to Rs 1,010 per sq.ft, reflecting a 1% increase from the previous year.

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. Overall, from 2017 to 2024, the guideline value has increased by 88%.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a guideline value for 2024, ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,055 per sq.ft, which means Coconut Valley's 2024 figure is below the median.

• C.N.Vasantham Nagar (Kalappatti): Rs 1,045 per sq.ft (2024)
• College Nagar: Rs 1,045 per sq.ft (2024)
• Civil Aerodrome Road: Rs 2,010 per sq.ft (2024)
• Corral Enclave: Rs 1,010 per sq.ft (2024)
• Cotton City: Rs 1,055 per sq.ft (2024)
• Chitra -Kalappatti Road: Rs 1,560 per sq.ft (2024)

Stamp duty and registration fee for property in Coconut Valley

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty, charged at 7%, would amount to Rs 70,700, while the registration fee at 2% would be Rs 20,200. Therefore, the total cost for stamp duty and registration would be Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Coconut Valley?

The Coconut Valley area is covered by the Gandhipuram Sub Registrar Office. The office is located at 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 plays a crucial role during the registration of property transactions in KALAPATTY_East. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of the transaction. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Coconut Valley?

The current guideline value of Coconut Valley is Rs 1,010 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 1,010 per sq.ft in 2024, marking an overall increase of 88% over this period.

What are the other streets in KALAPATTY_East?

Other streets in KALAPATTY_East include C.N.Vasantham Nagar, College Nagar, Civil Aerodrome Road, Corral Enclave, Cotton City, and Chitra -Kalappatti Road, with varying guideline values.

Where is the Gandhipuram Sub Registrar Office located?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,10,000, the stamp duty at 7% would be Rs 70,700.