Guideline Value for ACE CITY GARDEN(ANNAIPALAYAM)

Ace City Garden(Annaipalayam) guideline value

The current guideline value of Ace City Garden(Annaipalayam) is Rs 711 per sq.ft. This property is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ace City Garden(Annaipalayam) has changed

The guideline value for Ace City Garden(Annaipalayam) has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was followed by a decrease to Rs 335 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision has further increased it to Rs 711 per sq.ft, representing a 42% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, and overall, from 2012 to 2024, the guideline value has increased by 42%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for these streets is Rs 711 per sq.ft, which is the same as the guideline value for Ace City Garden(Annaipalayam).

• A B Nagar West: Rs 716 per sq.ft (2024)
• A B Nagar 2nd St: Rs 716 per sq.ft (2024)
• A B Nagar 1st St: Rs 716 per sq.ft (2024)
• A B Nagar: Rs 715 per sq.ft (2024)
• Abirami Nagar: Rs 709 per sq.ft (2024)
• Aavinan Kudi: Rs 707 per sq.ft (2024)

Stamp duty and registration fee for property in Ace City Garden(Annaipalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value amounts to Rs 7,11,000. The stamp duty at 7% would be Rs 49,770, and the registration fee at 2% would be Rs 14,220, resulting in a total of Rs 63,990. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ace City Garden(Annaipalayam)?

The Sub Registrar Office that covers Ace City Garden(Annaipalayam) is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 buying or selling property in Velampalayam. It serves as a benchmark for determining the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ace City Garden(Annaipalayam)?

The current guideline value of Ace City Garden(Annaipalayam) is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 711 per sq.ft in 2024. This represents an overall increase of 42% from 2012 to 2024.

What is the land classification of Ace City Garden(Annaipalayam)?

Ace City Garden(Annaipalayam) is classified as Residential Class II Type - II. This classification impacts the guideline value and property regulations in the area.

Where can I find the Sub Registrar Office for Ace City Garden(Annaipalayam)?

The Sub Registrar Office for Ace City Garden(Annaipalayam) is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the stamp duty for properties in Ace City Garden(Annaipalayam)?

The stamp duty for properties in Ace City Garden(Annaipalayam) is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 7,11,000, the stamp duty would be Rs 49,770.