Guideline Value for APPAVU PILLAI LAYOUT

Appavu Pillai Layout guideline value

The current guideline value of Appavu Pillai Layout is Rs 775 per sq.ft, effective from 1 July 2024. This layout is located in Ward - F village under the Udumalpettai SRO, classified as Residential Class I Type - I.

How the guideline value of Appavu Pillai Layout has changed

The guideline value for Appavu Pillai Layout has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and it has now risen to Rs 775 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 11%.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. It is important to note that the revisions from 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Ward - F

In Ward - F, there are 41 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 2,020 per sq.ft. The median guideline value for these streets is Rs 475 per sq.ft, placing Appavu Pillai Layout's 2024 figure above that median.

• Ansari Street: Rs 500 per sq.ft (2024)
• Arumugam Nagar: Rs 610 per sq.ft (2024)
• Anna Colony: Rs 380 per sq.ft (2024)
• Andal Srinivasan Lay Out: Rs 380 per sq.ft (2024)
• Gandhi Puram: Rs 380 per sq.ft (2024)
• Good Shed Road: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Appavu Pillai Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 775 per sq.ft, the total guideline value amounts to Rs 7,75,000. The stamp duty at 7% would be Rs 54,250, and the registration fee at 2% would be Rs 15,500, leading to a total cost of Rs 69,750. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Appavu Pillai Layout?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward - F. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two amounts is used to calculate the stamp duty and registration fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Appavu Pillai Layout?

The current guideline value of Appavu Pillai Layout is Rs 775 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and is now Rs 775 per sq.ft in 2024.

What is the median guideline value in Ward - F?

The median guideline value for streets in Ward - F is Rs 475 per sq.ft, with Appavu Pillai Layout's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Appavu Pillai Layout?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,75,000. The stamp duty would be Rs 54,250 and the registration fee would be Rs 15,500, totaling Rs 69,750.

Which Sub Registrar Office covers Appavu Pillai Layout?

The Udumalpettai Sub Registrar Office covers Appavu Pillai Layout, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.