Guideline Value for APPLES PARK

Apples Park guideline value

The current guideline value of Apples Park, located in Mangalam village under the Tiruppur Joint I SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Apples Park has changed

The guideline value for Apples Park has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 150 per sq.ft. In 2017, it changed to Rs 100 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, it saw a significant increase of 50%, bringing it to Rs 150 per sq.ft. The latest revision in 2024 set the guideline value at Rs 165 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mangalam

Mangalam village has a total of 89 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 145 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 205 per sq.ft, indicating that the current value of Apples Park is below this median.

• Ashma Garden: Rs 250 per sq.ft (2024)
• A.S.M. Gardan: Rs 260 per sq.ft (2024)
• Avinasiappa Nagar: Rs 250 per sq.ft (2024)
• Amirtha Garden: Rs 250 per sq.ft (2024)
• Agragharapudur: Rs 165 per sq.ft (2024)
• Best Gardens: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Apples Park

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, leading to a total of Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Apples Park?

Apples Park falls under the jurisdiction of the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Mangalam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it can affect the overall cost of the property transaction. The guideline value ensures transparency and fairness in the registration process, providing a standardized basis for property valuation.

Frequently asked questions

What is the current guideline value of Apples Park?

The current guideline value of Apples Park is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Apples Park has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then to Rs 150 per sq.ft in 2023, and finally to Rs 165 per sq.ft in 2024.

What is the median guideline value for streets in Mangalam?

The median guideline value for streets in Mangalam is Rs 205 per sq.ft, while Apples Park's value is below this median.

What are the stamp duty and registration fees for property in Apples Park?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 11,550 and the registration fee would be Rs 3,300, totaling Rs 14,850.

Which office handles registrations for Apples Park?

The Tiruppur Joint I Sub Registrar Office handles registrations for Apples Park, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.