Guideline Value for ATHIPALAYAM ROAD

Athipalayam Road guideline value

The current guideline value of Athipalayam Road is Rs 235 per sq.ft, effective from 1 July 2024. This road is located in Veerapandi village under the Periyanayakkan Palayam SRO, classified as Residential Class II Type - I.

How the guideline value of Athipalayam Road has changed

The guideline value for Athipalayam Road has undergone several revisions over the years. The 2012 revision set the value at Rs 210 per sq.ft, which saw a decrease to Rs 141 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 211 per sq.ft in 2023, marking a 50% rise from the 2017 figure. The latest revision in 2024 has further increased the guideline value to Rs 235 per sq.ft, reflecting an 11% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Veerapandi

In Veerapandi village, there are 201 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Athipalayam Road's 2024 figure below that median.

• Aruljothi Nagar: Rs 390 per sq.ft (2024)
• Arivolli Nagar (Ward No.4): Rs 220 per sq.ft (2024)
• Arivolli Nagar (Ward No.3): Rs 220 per sq.ft (2024)
• Arck Residency: Rs 1,050 per sq.ft (2024)
• Archana Layout: Rs 610 per sq.ft (2024)
• Arasamarathu Kinaru Street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Athipalayam Road

For a 1,000 sq.ft plot at the current rate of Rs 235 per sq.ft, the guideline value amounts to Rs 2,35,000. The stamp duty at 7% would be Rs 16,450, and the registration fee at 2% would be Rs 4,700, making the total Rs 21,150. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athipalayam Road?

The Sub Registrar Office that covers Athipalayam Road is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Veerapandi. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a buyer or seller approaches the registration office, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. This value is essential for both parties to understand their financial obligations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Athipalayam Road?

The current guideline value of Athipalayam Road is Rs 235 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 210 per sq.ft in 2012 to Rs 141 per sq.ft in 2017, then to Rs 211 per sq.ft in 2023, and finally to Rs 235 per sq.ft in 2024.

What is the land classification for Athipalayam Road?

Athipalayam Road is classified as Residential Class II Type - I.

Where can I find the registration office for Athipalayam Road?

The registration office for Athipalayam Road is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for properties on Athipalayam Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,35,000 would incur a stamp duty of Rs 16,450 at 7%.