Guideline Value for APPOLLO AGARAM AVENUE

Appollo Agaram Avenue guideline value

The current guideline value of Appollo Agaram Avenue is Rs 709 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class III Type - I.

How the guideline value of Appollo Agaram Avenue has changed

The guideline value for Appollo Agaram Avenue has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which remained unchanged until the next revision in 2017, when it decreased to Rs 268 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 400 per sq.ft. The most recent revision in 2024 has seen a substantial increase of 77%, bringing the current guideline value to Rs 709 per sq.ft.

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 77%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing Appollo Agaram Avenue's 2024 figure below that median.

• A P V Nagar 1st Street: Rs 709 per sq.ft (2024)
• Appalo Kumaragam Avenue: Rs 770 per sq.ft (2024)
• Anupparpalayam Puthur: Rs 890 per sq.ft (2024)
• Anuparpalayam: Rs 890 per sq.ft (2024)
• Arasan Nagar: Rs 706 per sq.ft (2024)
• Annipalayam: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in Appollo Agaram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value would be Rs 7,09,000. The stamp duty at 7% would amount to Rs 49,630, and the registration fee at 2% would be Rs 14,180, bringing the total fees to Rs 63,810. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appollo Agaram Avenue?

The Sub Registrar Office that covers Appollo Agaram Avenue is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Velampalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value as it affects the overall costs involved in the transaction. The registration office will use this value to calculate the applicable fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Appollo Agaram Avenue?

The current guideline value of Appollo Agaram Avenue is Rs 709 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 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 709 per sq.ft in 2024.

What is the land classification for Appollo Agaram Avenue?

Appollo Agaram Avenue is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,09,000, the stamp duty would be Rs 49,630, and the registration fee would be Rs 14,180, totaling Rs 63,810.

Where is the Sub Registrar Office for Appollo Agaram Avenue located?

The Sub Registrar Office for Appollo Agaram Avenue is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.