Guideline Value for Cotton City Apartment (Perks school road)

Cotton City Apartment (Perks school road) guideline value

The current guideline value of Cotton City Apartment located on Perks school road in Uppilipalayam village is Rs 2,520 per sq.ft, effective from 1 July 2024. This property falls under the Singanallur SRO and is classified as Residential Special Type - I.

How the guideline value of Cotton City Apartment (Perks school road) has changed

The guideline value for Cotton City Apartment has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,520 per sq.ft, which is an increase from Rs 2,250 per sq.ft in 2023, marking a change of +12%. Prior to that, the 2017 revision set the value at Rs 1,507 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. The 2012 revision also had a guideline value of Rs 2,250 per sq.ft, which was a decrease of -33% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has increased by +12%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, and the guideline value for Cotton City Apartment is above this median.

• Corporation Sweeper Housing unit: Rs 1,005 per sq.ft (2024)
• Coromandal Enclave: Rs 2,016 per sq.ft (2024)
• Co-operative colony: Rs 2,520 per sq.ft (2024)
• Colony Street: Rs 1,002 per sq.ft (2024)
• C.M.C. Colony: Rs 1,001 per sq.ft (2024)
• CKH-Thulasi Enclave: Rs 2,520 per sq.ft (2024)

Stamp duty and registration fee for property in Cotton City Apartment (Perks school road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,520 per sq.ft, the total guideline value would be Rs 25,20,000. The stamp duty at 7% would amount to Rs 1,76,400, and the registration fee at 2% would be Rs 50,400, bringing the total to Rs 2,26,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cotton City Apartment (Perks school road)?

The Cotton City Apartment (Perks school road) is covered by the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Uppilipalayam. It determines the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling a property, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Cotton City Apartment?

The current guideline value of Cotton City Apartment (Perks school road) is Rs 2,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,250 per sq.ft in 2023 to Rs 2,520 per sq.ft in 2024. It was Rs 1,507 per sq.ft in 2017 and Rs 2,250 per sq.ft in 2012.

What is the land classification of Cotton City Apartment?

Cotton City Apartment is classified as Residential Special Type - I. This classification is important for understanding the type of development allowed in the area.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%. This rate is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find more information about it online.