Guideline Value for Achari Veethi

Achari Veethi guideline value

The current guideline value of Achari Veethi is Rs 280 per sq.ft, effective from 1 July 2024. This street is located in Perianaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Achari Veethi has changed

In the 2012 revision, the guideline value for Achari Veethi was Rs 250 per sq.ft. This figure was then revised to Rs 167 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 250 per sq.ft, reflecting a 50% rise. The most recent revision in 2024 set the guideline value at Rs 280 per sq.ft, which is a 12% increase from the previous year.

It is important to note that the register has no figure for Achari Veethi for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 12%.

Guideline values in Perianaickenpalayam

In Perianaickenpalayam, there are 142 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,670 per sq.ft, with a median of Rs 440 per sq.ft. The guideline value of Achari Veethi is below this median.

• Amirthanandamayee Nagar: Rs 500 per sq.ft (2024)
• Amma Avenue: Rs 340 per sq.ft (2024)
• Ammasai Gounder Veethi: Rs 340 per sq.ft (2024)
• Angalamman Kovil Veethi: Rs 220 per sq.ft (2024)
• Anna Nagar: Rs 620 per sq.ft (2024)
• Ashoka Kadai Veethi: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Achari Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty is charged at 7%, which totals Rs 19,600, and the registration fee is 2%, amounting to Rs 5,600. Therefore, the total cost for stamp duty and registration fees would be Rs 25,200. It is important to 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 more information.

Which Sub Registrar Office covers Achari Veethi?

The Sub Registrar Office covering Achari Veethi 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 details.

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

The guideline value is a crucial aspect when buying or selling property in Perianaickenpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of property registration.

When a property is sold, the guideline value ensures that the transaction is conducted at a fair price as per the local regulations. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Achari Veethi?

The current guideline value of Achari Veethi is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and finally to Rs 280 per sq.ft in 2024.

What is the land classification for Achari Veethi?

Achari Veethi is classified as Residential Class II Type - II.

Where is the Sub Registrar Office for Achari Veethi located?

The Sub Registrar Office for Achari Veethi is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for property in Achari Veethi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 19,600.