Guideline Value for ANGERIPALAYAM

Angeripalayam guideline value

The current guideline value of Angeripalayam, located in Chettipalayam village under the Tiruppur Joint I SRO, is Rs 704 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Angeripalayam has changed

Over the years, the guideline value for Angeripalayam has seen several revisions. The 2012 revision set the guideline value at Rs 450 per sq.ft, which was then reduced to Rs 301 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 704 per sq.ft in both the 2023 and 2024 revisions. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 134%. Overall, from 2012 to 2024, the guideline value has risen by 56%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft, with a median value of Rs 703 per sq.ft. The guideline value for Angeripalayam is above this median.

• Angeripalayam Main Road: Rs 704 per sq.ft (2024)
• Anna Nagar West: Rs 703 per sq.ft (2024)
• Annpoorna Layout: Rs 700 per sq.ft (2024)
• A P R Nagar: Rs 703 per sq.ft (2024)
• Arichana Colony: Rs 701 per sq.ft (2024)
• Alamelu Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Angeripalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 704 per sq.ft, the total guideline value would be Rs 7,04,000. The stamp duty at 7% would amount to Rs 49,280, and the registration fee at 2% would be Rs 14,080, bringing the total charges to Rs 63,360. 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 Angeripalayam?

The Sub Registrar Office that covers Angeripalayam 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Angeripalayam?

The current guideline value of Angeripalayam is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 704 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

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

For a property valued at Rs 7,04,000, the stamp duty would be Rs 49,280, and the registration fee would be Rs 14,080, totaling Rs 63,360. These fees are charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Angeripalayam?

The Tiruppur Joint I Sub Registrar Office covers Angeripalayam, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Angeripalayam?

Angeripalayam falls under the Residential Class I Type - II land classification. This classification is important for determining the usage and regulations applicable to the property.