Guideline Value for COFIOA Industrial Park

COFIOA Industrial Park guideline value

The current guideline value of COFIOA Industrial Park is Rs 220 per sq.ft as per the 2024 revision, effective from 1 July 2024. This industrial park is located in Kallapalayam village under the Singanallur SRO and is classified as Residential Class II Type - I.

How the guideline value of COFIOA Industrial Park has changed

The guideline value for COFIOA Industrial Park has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then reduced to Rs 134 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 200 per sq.ft, and the most recent 2024 revision raised it further to Rs 220 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kallapalayam

Kallapalayam village has 81 streets under the Singanallur SRO, with guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value is Rs 140 per sq.ft, placing COFIOA Industrial Park's 2024 figure above this median.

• Coddissia Industial 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 COFIOA Industrial Park

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers COFIOA Industrial Park?

The COFIOA Industrial 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kallapalayam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue based on the property's value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is fairly assessed based on the established guideline values in the area.

Frequently asked questions

What is the current guideline value of COFIOA Industrial Park?

The current guideline value of COFIOA Industrial 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the median guideline value in Kallapalayam?

The median guideline value in Kallapalayam is Rs 140 per sq.ft, with COFIOA Industrial Park's value being above this median.

What are the stamp duty and registration fees for COFIOA Industrial Park?

For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, making a total of Rs 19,800.

Which office handles registrations for COFIOA Industrial Park?

The Singanallur Sub Registrar Office handles registrations for COFIOA Industrial Park, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.