Guideline Value for ANGERIPALAYAM MAIN ROAD

Angeripalayam Main Road guideline value

The current guideline value of Angeripalayam Main Road is Rs 2,015 per sq.ft, effective from 1 July 2024. This road is located in Ward - C village under the Tiruppur Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Angeripalayam Main Road has changed

Over the years, the guideline value of Angeripalayam Main Road has seen several revisions. The 2007 revision set the value at Rs 1,510 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, there was a decrease in the 2017 revision, bringing the value down to Rs 1,206 per sq.ft. The value then increased significantly to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 2,015 per sq.ft, marking a 12% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The overall change from the 2007 revision to the current 2024 value shows a 33% increase. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for this area is Rs 1,120 per sq.ft, indicating that Angeripalayam Main Road's 2024 figure is above the median.

• Angeripalayam Road: Rs 2,015 per sq.ft (2024)
• ANJAL NAGAR 1ST to 3rd STREET: Rs 1,455 per sq.ft (2024)
• Anjal Nagar 60 Feet Road: Rs 1,455 per sq.ft (2024)
• Anjal Nagar Main Road: Rs 1,455 per sq.ft (2024)
• Anna Colony: Rs 1,120 per sq.ft (2024)
• Anna St, Kumarananthapuram Central: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Angeripalayam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,015 per sq.ft, the total guideline value amounts to Rs 20,15,000. The stamp duty at 7% would be Rs 1,41,050, and the registration fee at 2% would be Rs 40,300, bringing the total cost to Rs 1,81,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angeripalayam Main Road?

The Sub Registrar Office that covers Angeripalayam Main Road is the Tiruppur Joint I 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 assistance.

How the guideline value is used when you buy or sell in Ward - C

The guideline value is a crucial factor during the registration of property transactions in Ward - C. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the higher amount between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Angeripalayam Main Road?

The current guideline value of Angeripalayam Main Road is Rs 2,015 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,510 per sq.ft in 2007 to Rs 2,015 per sq.ft in 2024, reflecting an overall increase of 33% over the years.

What is the land classification of Angeripalayam Main Road?

Angeripalayam Main Road is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Angeripalayam Main Road?

The Sub Registrar Office for Angeripalayam Main Road is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,15,000, the total stamp duty and registration fee would amount to Rs 1,81,350.