Guideline Value for CODDISSIA INDUSTIAL PARK

Coddissia Industial Park guideline value

The current guideline value for Coddissia Industial Park is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Kallapalayam village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Coddissia Industial Park has changed

The guideline value for Coddissia Industial Park has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 127 per sq.ft. In 2023, the value was revised to Rs 125 per sq.ft, showing a slight decrease of 2%. The most recent revision in 2024 raised the guideline value significantly to Rs 220 per sq.ft, marking an increase of 76% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 73%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kallapalayam

In Kallapalayam, there are 81 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 140 per sq.ft. The guideline value for Coddissia Industial Park is above this median.

• COFIOA Industrial Park: Rs 220 per sq.ft (2024)
• Chinnakuilai: Rs 140 per sq.ft (2024)
• Dr. Ambekhar street: Rs 140 per sq.ft (2024)
• East street: Rs 140 per sq.ft (2024)
• Brindavan street: Rs 140 per sq.ft (2024)
• G.D. Residency: Rs 285 per sq.ft (2024)

Stamp duty and registration fee for property in Coddissia Industial Park

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Coddissia Industial Park?

The Coddissia Industial Park falls under the jurisdiction of the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial reference point when buying or selling property in Kallapalayam. It is used to determine the stamp duty and registration fees applicable during the registration process, ensuring that all transactions are conducted in accordance with the state's regulations.

When a property is sold, the guideline value helps in establishing a baseline for the sale price, which is essential for calculating the necessary fees. Buyers and sellers should be aware of the current guideline value to ensure a smooth transaction process.

Frequently asked questions

What is the current guideline value of Coddissia Industial Park?

The current guideline value of Coddissia Industial Park is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 127 per sq.ft in 2017 to Rs 125 per sq.ft in 2023, and then to Rs 220 per sq.ft in 2024. Overall, this represents a 73% increase from 2017 to 2024.

What are the other streets in Kallapalayam and their guideline values?

Other streets in Kallapalayam include COFIOA Industrial Park at Rs 220 per sq.ft, Chinnakuilai, Dr. Ambekhar street, East street, and Brindavan street all at Rs 140 per sq.ft, and G.D. Residency at Rs 285 per sq.ft.

What are the stamp duty and registration fees for property in Coddissia Industial Park?

The stamp duty for a property valued at Rs 2,20,000 is Rs 15,400, and the registration fee is Rs 4,400, bringing the total to Rs 19,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Coddissia Industial Park?

The Singanallur Sub Registrar Office covers Coddissia Industial Park, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.