Guideline Value for City Marcus Extn.

City Marcus Extn. guideline value

The current guideline value of City Marcus Extn. in Pappampatti village is Rs 330 per sq.ft, effective from the 2024 revision. This area falls under the Singanallur SRO and is classified as Residential Special Type - II.

How the guideline value of City Marcus Extn. has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 201 per sq.ft, which rose to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further increased the value to Rs 330 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pappampatti

Pappampatti village has a total of 140 streets under the Singanallur SRO, with 2024 guideline values ranging from Rs 140 to Rs 750 per sq.ft. The median value for these streets is Rs 195 per sq.ft, placing City Marcus Extn.'s 2024 figure above this median.

• Chittipalayam Main Road: Rs 500 per sq.ft (2024)
• Chinnakuyili Road: Rs 220 per sq.ft (2024)
• Chettipalayam Main Road: Rs 500 per sq.ft (2024)
• Dr. MGR Nagar: Rs 165 per sq.ft (2024)
• Brindhavanam: Rs 140 per sq.ft (2024)
• East Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in City Marcus Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, calculated at 7%, would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers City Marcus Extn.?

The Sub Registrar Office that covers City Marcus Extn. is 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 Pappampatti

The guideline value is a crucial factor when registering a property in Pappampatti. It determines the minimum value at which the property must be registered, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, the guideline value serves as a benchmark for the transaction, influencing the overall cost involved in the registration process. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of City Marcus Extn.?

The current guideline value of City Marcus Extn. is Rs 330 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024.

What is the land classification for City Marcus Extn.?

City Marcus Extn. is classified as Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in City Marcus Extn.?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,30,000, the total fees would amount to Rs 29,700.

Which office should I contact for registration in City Marcus Extn.?

The Singanallur Sub Registrar Office is responsible for property registration in City Marcus Extn. It is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.