Guideline Value for AATHUPALAYAM ROAD

Aathupalayam Road guideline value

The current guideline value of Aathupalayam Road is Rs 715 per sq.ft, effective from 1 July 2024. This road is located in Velampalayam village, under the Tiruppur Joint II SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Aathupalayam Road has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, representing a rise of 49%. The latest revision in 2024 saw the guideline value rise to Rs 715 per sq.ft, an increase of 19% from the previous year.

The register has no figures for Aathupalayam Road for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 19%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a guideline value for 2024, ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value in this area is Rs 711 per sq.ft, making Aathupalayam Road's 2024 figure above the median.

• Aavinan Kudi: Rs 707 per sq.ft (2024)
• Aathis Nagar: Rs 708 per sq.ft (2024)
• Aaravamudhan Avenue: Rs 716 per sq.ft (2024)
• Abirami Nagar: Rs 709 per sq.ft (2024)
• A B Nagar: Rs 715 per sq.ft (2024)
• A B Nagar 1st St: Rs 716 per sq.ft (2024)

Stamp duty and registration fee for property in Aathupalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, while the registration fee at 2% would be Rs 14,300, bringing the total to Rs 64,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aathupalayam Road?

The Sub Registrar Office that covers Aathupalayam Road is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when it comes to property registration in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable on property transactions, ensuring that the government receives appropriate revenue from real estate dealings.

When buying or selling property, the guideline value helps both parties understand the minimum value of the property for registration purposes. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Aathupalayam Road?

The current guideline value of Aathupalayam Road is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 600 per sq.ft in 2012, decreased to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally rose to Rs 715 per sq.ft in 2024.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, with Aathupalayam Road's current value being above this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at the current guideline value of Rs 7,15,000, the stamp duty would be Rs 50,050 and the registration fee would be Rs 14,300, totaling Rs 64,350.

Which office handles property registrations for Aathupalayam Road?

The Tiruppur Joint II Sub Registrar Office handles property registrations for Aathupalayam Road, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.