Guideline Value for Appa Naidu Layout Extension

Appa Naidu Layout Extension guideline value

The current guideline value of Appa Naidu Layout Extension is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Vellalore village, under the jurisdiction of the Singanallur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Appa Naidu Layout Extension has changed

The guideline value for Appa Naidu Layout Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is a significant increase from Rs 469 per sq.ft in the 2023 revision. Notably, the 2023 figure remained unchanged from the 2017 revision, which also recorded Rs 469 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2024, the overall change in the guideline value is an increase of 64%. The jump from 2023 to 2024 represents a 64% rise as well, indicating a notable adjustment in the valuation of properties in this area.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft, with a median value of Rs 330 per sq.ft. The guideline value for Appa Naidu Layout Extension is above this median, reflecting its current valuation.

• Appanaidu Layout Part: Rs 770 per sq.ft (2024)
• Appai naidu layout: Rs 330 per sq.ft (2024)
• Appachiar Street: Rs 275 per sq.ft (2024)
• Anugraha gardens: Rs 220 per sq.ft (2024)
• Anna Street: Rs 220 per sq.ft (2024)
• Aristo Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Appa Naidu Layout Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, calculated at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, these fees would total Rs 69,300. It is important to note that 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 on fees applicable to your property transaction.

Which Sub Registrar Office covers Appa Naidu Layout Extension?

The Sub Registrar Office that covers Appa Naidu Layout Extension is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a transaction.

When a property is bought or sold, the guideline value is compared with the sale price. The stamp duty is charged on the higher of the two amounts, ensuring that the government receives the appropriate fees based on the property’s assessed value.

Frequently asked questions

What is the current guideline value of Appa Naidu Layout Extension?

The current guideline value of Appa Naidu Layout Extension is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2023 to Rs 770 per sq.ft in 2024, marking a 64% increase. There was no change from 2017 to 2023, as the figure remained Rs 469 per sq.ft during that period.

What other streets have guideline values in Vellalore?

Other streets in Vellalore include Appanaidu Layout Part at Rs 770 per sq.ft, Appai Naidu Layout at Rs 330 per sq.ft, and Aristo Nagar at Rs 825 per sq.ft, among others. These values reflect the current market conditions as of 2024.

How is stamp duty calculated for properties in Appa Naidu Layout Extension?

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 Rs 770 per sq.ft, the stamp duty would be Rs 53,900.

Which office handles property registrations in Appa Naidu Layout Extension?

The Singanallur Sub Registrar Office is responsible for property registrations in Appa Naidu Layout Extension. It is located at Podanur Main Road, Vellalur, Coimbatore.