Guideline Value for APPAVU LANE

Appavu Lane guideline value

The current guideline value of Appavu Lane is Rs 2,020 per sq.ft, effective from 1 July 2024. This street is located in Ward - D village under the Udumalpettai SRO and is classified as Commercial Class I Type - I.

How the guideline value of Appavu Lane has changed

The guideline value for Appavu Lane has undergone several revisions over the years. In 2003, the value was Rs 709 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it saw a decrease to Rs 1,206 per sq.ft in 2017, before rising to Rs 1,800 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 2,020 per sq.ft, marking a 12% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 185%. Notably, there are no figures available for the years 2002 and 2007 in the register for this street.

Guideline values in Ward - D

In Ward - D, there are 54 streets under the Udumalpettai SRO with a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value is Rs 660 per sq.ft, placing Appavu Lane's 2024 figure above this median.

• Ansari Street: Rs 500 per sq.ft (2024)
• Asad Street: Rs 660 per sq.ft (2024)
• Babukhan Street: Rs 660 per sq.ft (2024)
• Advocate Nagarajan Street: Rs 660 per sq.ft (2024)
• Chidambaram Pillai Street: Rs 1,350 per sq.ft (2024)
• Dass Lane: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Appavu Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,020 per sq.ft, the total guideline value would be Rs 20,20,000. The stamp duty at 7% would amount to Rs 1,41,400, and the registration fee at 2% would be Rs 40,400, making the total charges Rs 1,81,800. 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 more details.

Which Sub Registrar Office covers Appavu Lane?

The Sub Registrar Office that covers Appavu Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied based on the value of the property. This helps maintain transparency in property transactions and ensures that the government collects the appropriate revenue.

Frequently asked questions

What is the current guideline value of Appavu Lane?

The current guideline value of Appavu Lane is Rs 2,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Appavu Lane has changed from Rs 709 per sq.ft in 2003 to Rs 2,020 per sq.ft in 2024, marking an overall increase of 185% over this period.

What is the stamp duty rate for properties on Appavu Lane?

The stamp duty rate for properties in Appavu Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Appavu Lane located?

The Sub Registrar Office for Appavu Lane is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.

What are the guideline values for other streets in Ward - D?

Other streets in Ward - D have guideline values ranging from Rs 380 to Rs 2,020 per sq.ft. For example, Ansari Street is valued at Rs 500 per sq.ft, while Chidambaram Pillai Street has a value of Rs 1,350 per sq.ft in 2024.