Guideline Value for COTTON CITY

Cotton City guideline value

The current guideline value of Cotton City, located in Kalapatty_west village, is Rs 1,055 per sq.ft, effective from 1 July 2024. This area falls under the Gandhipuram SRO and is classified as Residential Class I Type - III.

How the guideline value of Cotton City has changed

The guideline value for Cotton City has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 402 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 149%. The latest revision in 2024 saw the value increase to Rs 1,055 per sq.ft, which is a 6% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 162%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that have 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 1,060 per sq.ft, indicating that Cotton City's 2024 figure is slightly below this median.

• Cri Nagar: Rs 1,050 per sq.ft (2024)
• C.R.I.Nagar (Valiyampalayam): Rs 1,050 per sq.ft (2024)
• College Nagar: Rs 1,050 per sq.ft (2024)
• C.N.Vasantham Nagar (Kalappatti): Rs 1,050 per sq.ft (2024)
• Decon Estate (Goldwins): Rs 1,065 per sq.ft (2024)
• Decon Nagar (Goldwins): Rs 1,065 per sq.ft (2024)

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, and the registration fee at 2% would be Rs 21,100, bringing the total cost for stamp duty and registration fees to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Cotton City?

The Cotton City area is covered by 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_west

The guideline value is a crucial factor in property transactions in Kalapatty_west, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher.

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, effective from 1 July 2024.

How 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, marking an overall increase of 162% over this period.

What is the median guideline value in Kalapatty_west?

The median guideline value for the streets in Kalapatty_west is Rs 1,060 per sq.ft, which is slightly higher than the guideline value for Cotton City.

What are the stamp duty rates for properties in Cotton City?

The stamp duty rate for properties in Cotton City is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Cotton City?

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