Guideline Value for APPACHI GARDENS

Appachi Gardens guideline value

The current guideline value of Appachi Gardens, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,010 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Appachi Gardens has changed

The guideline value for Appachi Gardens has seen significant changes over the years. In the 2007 revision, the value was set at Rs 60 per sq.ft. This figure increased dramatically to Rs 750 per sq.ft in 2012, marking a rise of 1150%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a decline of 33%. The value then surged to Rs 1,000 per sq.ft in 2023, reflecting a substantial increase of 99%. The most recent revision in 2024 set the guideline value at Rs 1,010 per sq.ft, a 1% increase from the previous year.

It is important to note that 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 1583%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value 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, placing Appachi Gardens above this median.

• Apex Garden: Rs 1,006 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 Appachi Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total cost for these fees to Rs 90,900. 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 Appachi Gardens?

The Sub Registrar Office that covers Appachi Gardens is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Appachi Gardens?

The current guideline value of Appachi Gardens is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting an overall increase of 1583% over the years.

What is the land classification for Appachi Gardens?

Appachi Gardens falls under the Residential Class I Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in Appachi Gardens?

For a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700, and the registration fee would be Rs 20,200, totaling Rs 90,900.

Which office handles registrations for Appachi Gardens?

The Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006, handles registrations for Appachi Gardens.