Guideline Value for APPAR VEETHI

Appar Veethi guideline value

The current guideline value of Appar Veethi is Rs 1,045 per sq.ft, effective from 1 July 2024. This street is located in Saravanmpatty, under the Gandhipuram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Appar Veethi has changed

The guideline value for Appar Veethi has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 1,000 per sq.ft, marking a rise of 273%. The latest revision in 2024 increased the value to Rs 1,045 per sq.ft, a change of 5% from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 161%.

Guideline values in Saravanmpatty.

In Saravanmpatty, there are 180 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 5,654 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, placing Appar Veethi's 2024 figure below the median.

• Anna Nagar: Rs 1,045 per sq.ft (2024)
• Anboli Nagar: Rs 1,055 per sq.ft (2024)
• Amman Nagar Kuttai: Rs 1,060 per sq.ft (2024)
• Amman Nagaram: Rs 1,055 per sq.ft (2024)
• Amman Nagar: Rs 1,055 per sq.ft (2024)
• Amburose Nagar: Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Appar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, bringing the total cost for these fees to Rs 94,050. It is essential 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 Appar Veethi?

The Sub Registrar Office that covers Appar Veethi is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Saravanmpatty. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can impact their overall transaction costs.

Frequently asked questions

What is the current guideline value of Appar Veethi?

The current guideline value of Appar Veethi is Rs 1,045 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 1,045 per sq.ft in 2024, reflecting an overall increase of 161% over this period.

What is the land classification of Appar Veethi?

Appar Veethi is classified as Residential Class II Type - II, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Appar Veethi?

The Sub Registrar Office for Appar Veethi is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 94,050.