Guideline Value for APPALO KUMARAGAM AVENUE

Appalo Kumaragam Avenue guideline value

The current guideline value of Appalo Kumaragam Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village and falls under the Tiruppur Joint II SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Appalo Kumaragam Avenue has changed

The guideline value for Appalo Kumaragam Avenue has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing Appalo Kumaragam Avenue's 2024 figure above this median.

• Appollo Agaram Avenue: Rs 709 per sq.ft (2024)
• A P V Nagar 1st Street: Rs 709 per sq.ft (2024)
• Anupparpalayam Puthur: Rs 890 per sq.ft (2024)
• Anuparpalayam: Rs 890 per sq.ft (2024)
• Annipalayam: Rs 711 per sq.ft (2024)
• Anna Street Virivu: Rs 715 per sq.ft (2024)

Stamp duty and registration fee for property in Appalo Kumaragam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total cost to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appalo Kumaragam Avenue?

The Sub Registrar Office that covers Appalo Kumaragam Avenue is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the property registration process in Velampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Appalo Kumaragam Avenue?

The current guideline value of Appalo Kumaragam Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and now to Rs 770 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Appalo Kumaragam Avenue?

Appalo Kumaragam Avenue is classified as Mixed Type - II land. This classification can influence the types of developments allowed in the area.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Appalo Kumaragam Avenue located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. This office handles the registration of properties in the area.