Guideline Value for APPACHI NAGAR MAIN ROAD

Appachi Nagar Main Road guideline value

The current guideline value of Appachi Nagar Main Road is Rs 1,680 per sq.ft, effective from 1 July 2024. This road is located in Ward - J village under the Tiruppur Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Appachi Nagar Main Road has changed

The guideline value for Appachi Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 1,215 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, it dropped to Rs 1,005 per sq.ft in 2017, before rising significantly to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,680 per sq.ft.

Between the revisions, notable changes include a 23% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 12% increase from 2023 to 2024. The overall change from 2007 to 2024 reflects a 38% increase in the guideline value.

Guideline values in Ward - J

In Ward - J, there are 209 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Appachi Nagar Main Road is above this median.

• APPACHI NAGAR EXTN 1ST to 5th STREET: Rs 1,680 per sq.ft (2024)
• Appachi Nagar 3rd Cross 2nd Street: Rs 1,680 per sq.ft (2024)
• Appachi Nagar 3rd Cross 1st Street: Rs 1,680 per sq.ft (2024)
• APPACHI NAGAR 1St to 3RD STREET: 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, resulting in a total of Rs 1,51,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Appachi Nagar Main Road?

The Sub Registrar Office that covers Appachi Nagar Main Road is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - J. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the transaction. The higher of the guideline value or the sale price is considered for the calculation of duties, ensuring that the registration reflects a fair value for the property.

Frequently asked questions

What is the current guideline value for Appachi Nagar Main Road?

The current guideline value for Appachi Nagar Main Road 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, reflecting an overall increase of 38% over the years.

What is the land classification for Appachi Nagar Main Road?

Appachi Nagar Main Road is classified as Residential Class II Type - II.

Where is the Sub Registrar Office for Appachi Nagar Main Road located?

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

How is the stamp duty calculated for properties in Appachi Nagar Main Road?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 16,80,000 would incur a stamp duty of Rs 1,17,600.