Guideline Value for APPARTMENT

Appartment guideline value

The current guideline value for Appartment in Ganapathy village, under the Ganapathy SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Appartment has changed

The guideline value for Appartment has undergone several revisions over the years. The 2012 revision set the value at Rs 1,250 per sq.ft, which was reduced to Rs 837 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,250 per sq.ft in the 2023 revision, and then to Rs 1,400 per sq.ft in the 2024 revision, marking a 12% increase from 2023 to 2024.

From 2017 to 2023, there was a notable increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ganapathy

In Ganapathy, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Appartment is above this median.

• Appaainaidu Layout.Sivasakthi Colony: Rs 1,400 per sq.ft (2024)
• Appaainaidu Layout: Rs 1,400 per sq.ft (2024)
• Apartment: Rs 3,470 per sq.ft (2024)
• Aranmanai Thottam: Rs 1,010 per sq.ft (2024)
• Anna Nagar (Jawahar Nagar): Rs 1,010 per sq.ft (2024)
• Anna Nagar Eastside 1,2,3,4 Street: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Appartment

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appartment?

The Appartment falls under the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. The postal code is 641006. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration process of property transactions in Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the fees reflect the value of the property accurately.

Frequently asked questions

What is the current guideline value for Appartment?

The current guideline value for Appartment is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification for Appartment?

Appartment is classified under Residential Class I Type - I land classification.

Which office handles the registration for Appartment?

The Ganapathy Sub Registrar Office handles the registration for Appartment, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at 7%.