Guideline Value

Corporate

Guideline Value for COTTON CITY

₹1055/sq.ft.

The guideline value for Cotton City in Kalapatty_east village (Gandhipuram SRO, Coimbatore zone) is Rs 1055 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Kalapatty_east

Village

Gandhipuram

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1055 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sro Gandhipuram,kalapatti Road,near Saravanampatti Poilce Station,saravanampatti-641035
0422-2666669
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]

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Cotton City guideline value

The current guideline value of Cotton City, located in KALAPATTY_East village under the Gandhipuram SRO, is Rs 1,055 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Cotton City has changed

The guideline value for Cotton City has seen significant changes over the years. The 2017 revision set the value at Rs 402 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised the guideline value to Rs 1,055 per sq.ft, marking a 6% increase from the previous year. Notably, the overall increase from the 2017 revision to the 2024 revision is 162%.

There are several revisions for which the register does not provide figures for this street, specifically for the years 2002, 2003, 2007, and 2012. The 2023 revision reflects a substantial increase of 149% from the 2017 figure, indicating a marked change in the guideline value over these years.

Guideline values in KALAPATTY_East

KALAPATTY_East village has a total of 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 guideline value for these streets is Rs 1,055 per sq.ft, which is the same as the guideline value for Cotton City.

Stamp duty and registration fee for property in Cotton City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, while the registration fee at 2% would be Rs 21,100, bringing the total to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Cotton City?

The Sub Registrar Office that covers Cotton City is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is referenced to calculate the applicable stamp duty and registration fees. This ensures that the financial obligations related to the property transaction are based on a standardized value set by the registration department.

Frequently asked questions

What is the current guideline value of Cotton City?

The current guideline value of Cotton City is Rs 1,055 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 1,055 per sq.ft in 2024, reflecting an overall increase of 162% over this period.

What is the registration office for Cotton City?

The registration office covering Cotton City is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.

How is stamp duty calculated for properties in Cotton City?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,55,000, the stamp duty at 7% would be Rs 73,850.

What are the other streets in KALAPATTY_East?

Other streets in KALAPATTY_East include Corral Enclave, Cri Nagar, C.R.I.Nagar (Valiyampalayam), College Nagar, Coconut Valley, and C.N.Vasantham Nagar (Kalappatti), with varying guideline values for 2024.