Guideline Value for A P V NAGAR 1ST STREET

A P V Nagar 1st Street guideline value

The current guideline value of A P V Nagar 1st Street is Rs 709 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village and falls under the Tiruppur Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of A P V Nagar 1st Street has changed

The guideline value for A P V Nagar 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. In 2023, the value increased to Rs 400 per sq.ft again, and the most recent revision in 2024 set the value at Rs 709 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most significant change occurred from 2023 to 2024, with an increase of 77%. Overall, from 2012 to 2024, the guideline value has increased by 77%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. A P V Nagar 1st Street's 2024 guideline value is below this median.

• Appollo Agaram Avenue: Rs 709 per sq.ft (2024)
• Appalo Kumaragam Avenue: Rs 770 per sq.ft (2024)
• Arasan Nagar: Rs 706 per sq.ft (2024)
• Anupparpalayam Puthur: Rs 890 per sq.ft (2024)
• Anuparpalayam: Rs 890 per sq.ft (2024)
• Arijana Colony: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in A P V Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value amounts to Rs 7,09,000. The stamp duty, calculated at 7%, would be Rs 49,630, while the registration fee at 2% would be Rs 14,180. Together, the total fees would be Rs 63,810. 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 A P V Nagar 1st Street?

The Sub Registrar Office covering A P V Nagar 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Velampalayam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value serves as a benchmark for assessing the value of the property. It ensures that the transaction is recorded at a value that reflects the prevailing market conditions as determined by the registration department.

Frequently asked questions

What is the current guideline value of A P V Nagar 1st Street?

The current guideline value of A P V Nagar 1st Street is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 709 per sq.ft in 2024.

What is the land classification of A P V Nagar 1st Street?

A P V Nagar 1st Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 63,810.

Which office handles the registration for A P V Nagar 1st Street?

The Tiruppur Joint II Sub Registrar Office handles the registration for A P V Nagar 1st Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.