Guideline Value for CORRAL ENCLAVE

Corral Enclave guideline value

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

How the guideline value of Corral Enclave has changed

The guideline value for Corral Enclave has seen significant changes over the years. In the 2017 revision, the value was Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,010 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 87%, and from 2023 to 2024, there was a 1% increase. Overall, from 2017 to 2024, the guideline value has risen by 88%.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry 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, making the 2024 figure for Corral Enclave below that median.

• Cotton City: Rs 1,055 per sq.ft (2024)
• Cri Nagar: Rs 1,045 per sq.ft (2024)
• C.R.I.Nagar (Valiyampalayam): Rs 1,045 per sq.ft (2024)
• College Nagar: Rs 1,045 per sq.ft (2024)
• Coconut Valley: Rs 1,010 per sq.ft (2024)
• C.N.Vasantham Nagar (Kalappatti): Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Corral Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,010 per sq.ft, the guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, making the total Rs 90,900. 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 Corral Enclave?

The Sub Registrar Office that covers Corral Enclave 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 a crucial factor in the registration process when buying or selling property in KALAPATTY_East. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Corral Enclave?

The current guideline value of Corral Enclave is Rs 1,010 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 88%, rising from Rs 536 per sq.ft to Rs 1,010 per sq.ft in 2024.

What is the median guideline value in KALAPATTY_East?

The median guideline value in KALAPATTY_East is Rs 1,055 per sq.ft for the year 2024.

What are the registration fees for property in Corral Enclave?

The registration fees for property in Corral Enclave include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Corral Enclave?

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