Guideline Value for APEX GARDEN

Apex Garden guideline value

The current guideline value of Apex Garden in Villankuruchi village, under the Ganapathy SRO, is Rs 1,006 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Apex Garden has changed

The guideline value for Apex Garden has seen significant changes over the years. In 2007, the guideline value was Rs 125 per sq.ft, which increased to Rs 500 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 335 per sq.ft in 2017, representing a 33% drop. The value surged to Rs 1,000 per sq.ft in 2023, and as of 2024, it stands at Rs 1,006 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 705%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO, with guideline values ranging from Rs 1,001 to Rs 3,220 per sq.ft. The median guideline value for the village is Rs 1,008 per sq.ft, making the current value of Apex Garden below this median.

• Appachi Gardens: Rs 1,010 per sq.ft (2024)
• Arivooli Nagar: Rs 1,006 per sq.ft (2024)
• Annamalaiyar Nagar: Rs 1,006 per sq.ft (2024)
• Annamalaiyar Avenue Phase-1.2: Rs 1,006 per sq.ft (2024)
• Annai Velankanni Nagar/Udaya Nagar: Rs 1,008 per sq.ft (2024)
• Annai Nagar: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Apex Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total cost for these fees to Rs 90,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Apex Garden?

The Apex Garden area is covered by the Ganapathy Sub Registrar Office located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code for this location is 641006. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Villankuruchi. It serves as a base value for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Apex Garden?

The current guideline value of Apex Garden is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 125 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, representing a total increase of 705% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 10,06,000. The stamp duty is Rs 70,420, and the registration fee is Rs 20,120, totaling Rs 90,540.

Which office handles registrations for Apex Garden?

The Ganapathy Sub Registrar Office handles registrations for Apex Garden, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.

What is the land classification of Apex Garden?

Apex Garden falls under the Residential Class I Type - III land classification, which is relevant for determining its guideline value and usage.