Guideline Value for APPACHI NAGAR 3RD CROSS 2ND STREET

Appachi Nagar 3rd Cross 2nd Street guideline value

The current guideline value of Appachi Nagar 3rd Cross 2nd Street is Rs 1,680 per sq.ft, effective from 1 July 2024. This street is located in Ward - J village under the Tiruppur Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Appachi Nagar 3rd Cross 2nd Street has changed

Over the years, the guideline value of Appachi Nagar 3rd Cross 2nd Street has seen several revisions. The 2007 revision set the value at Rs 1,215 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft. This was followed by a significant increase to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 1,680 per sq.ft. The register has no figure for this street in the years 2002 and 2003.

In terms of percentage changes, the value increased by 23% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 12% increase. Overall, from 2007 to 2024, the guideline value has risen by 38%.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that have a guideline value for 2024, ranging from Rs 840 to Rs 4,480 per sq.ft. The median guideline value in this ward is Rs 1,120 per sq.ft, making the guideline value of Appachi Nagar 3rd Cross 2nd Street above the median.

• Appachi Nagar 3rd Cross 1st Street: Rs 1,680 per sq.ft (2024)
• APPACHI NAGAR EXTN 1ST to 5th STREET: Rs 1,680 per sq.ft (2024)
• APPACHI NAGAR 1St to 3RD STREET: Rs 1,680 per sq.ft (2024)
• Appachi Nagar Main Road: Rs 1,680 per sq.ft (2024)
• Appukutty Layout: Rs 840 per sq.ft (2024)
• Annapoorana Layout: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Appachi Nagar 3rd Cross 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value would be Rs 16,80,000. The stamp duty at 7% would amount to Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total fees together to Rs 1,51,200. Please 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Appachi Nagar 3rd Cross 2nd Street?

The Sub Registrar Office that covers Appachi Nagar 3rd Cross 2nd Street is the Tiruppur Joint I Sub Registrar Office. The office is 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 Ward - J

The guideline value is an essential factor during property transactions in Ward - J, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is crucial for both parties to understand the guideline value to ensure compliance with local regulations and to avoid any legal issues during the registration of the property.

Frequently asked questions

What is the current guideline value for Appachi Nagar 3rd Cross 2nd Street?

The current guideline value for Appachi Nagar 3rd Cross 2nd Street is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,215 per sq.ft in 2007 to Rs 1,680 per sq.ft in 2024, showing an overall increase of 38% over the years.

What is the stamp duty rate for properties in Appachi Nagar 3rd Cross 2nd Street?

The stamp duty rate for properties in Appachi Nagar 3rd Cross 2nd Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

What classification does Appachi Nagar 3rd Cross 2nd Street fall under?

Appachi Nagar 3rd Cross 2nd Street is classified as Residential Class II Type - II.