Guideline Value for Appa Kadu

Appa Kadu guideline value

The current guideline value of Appa Kadu is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Mettupalayam village under the Mettupalayam SRO, classified as Residential Class V Type - I.

How the guideline value of Appa Kadu has changed

The guideline value for Appa Kadu has seen several revisions over the years. In 2003, the value was Rs 128 per sq.ft, which increased significantly to Rs 285 per sq.ft in 2007. Following this, the value rose to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017. The value remained at Rs 350 per sq.ft in the 2023 revision and has not changed in the 2024 revision.

From 2017 to 2023, there was a 50% increase in the guideline value. However, the value decreased by 33% from 2012 to 2017. The overall change from 2003 to 2024 reflects a substantial increase of 173% in the guideline value for Appa Kadu.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 700 per sq.ft, placing Appa Kadu's 2024 figure below this median.

• Appa Street: Rs 350 per sq.ft (2024)
• Annur Road: Rs 2,000 per sq.ft (2024)
• Aringnar Anna Street: Rs 700 per sq.ft (2024)
• Anna Nagar Colony: Rs 600 per sq.ft (2024)
• Annaj Road Westside Girls High school Road: Rs 2,000 per sq.ft (2024)
• Annaj Road (Market Road to Sirumugai Road): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Appa Kadu

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, leading to a total of Rs 31,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Appa Kadu?

The Sub Registrar Office that covers Appa Kadu is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mettupalayam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. This value is used by the Sub Registrar Office to calculate the necessary fees associated with the transaction, ensuring transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Appa Kadu?

The current guideline value of Appa Kadu is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring between 2003 and 2024, where it rose by 173% from Rs 128 per sq.ft to Rs 350 per sq.ft.

What are the stamp duty rates in Appa Kadu?

The stamp duty rate in Appa Kadu is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Appa Kadu?

The Sub Registrar Office for Appa Kadu is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

What is the median guideline value in Mettupalayam?

The median guideline value in Mettupalayam is Rs 700 per sq.ft, which indicates that Appa Kadu's value is below this median at Rs 350 per sq.ft.