Guideline Value for Appachi Gounder Street

Appachi Gounder Street guideline value

The current guideline value of Appachi Gounder Street is Rs 224 per sq.ft, effective from 1 July 2024. This street is located in Kannampalayam village, under the Sulur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Appachi Gounder Street has changed

The guideline value for Appachi Gounder Street has seen several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased to Rs 175 per sq.ft in 2012. However, there was a decrease to Rs 117 per sq.ft in 2017. The value then rose significantly to Rs 200 per sq.ft in 2023, and most recently, it has increased to Rs 224 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2007 to 2024, the overall change in guideline value is +273%. The changes between the revisions are as follows: from 2007 to 2012, there was a +192% increase; from 2012 to 2017, a -33% decrease; from 2017 to 2023, a +71% increase; and from 2023 to 2024, a +12% increase.

Guideline values in Kannampalayam

In Kannampalayam village, there are 114 streets under the Sulur SRO that have a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 336 per sq.ft, which means that Appachi Gounder Street's 2024 figure is below the median.

• Anna nagar: Rs 336 per sq.ft (2024)
• Aruljothi Nagar: Rs 448 per sq.ft (2024)
• Arunachal Boyar Street: Rs 448 per sq.ft (2024)
• Arupudha Mudhaiyar Street: Rs 448 per sq.ft (2024)
• A.Subaramaniayam Nagar: Rs 224 per sq.ft (2024)
• Avadisetty thottam south side: Rs 224 per sq.ft (2024)

Stamp duty and registration fee for property in Appachi Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 224 per sq.ft, the total guideline value would be Rs 2,24,000. The stamp duty at 7% would amount to Rs 15,680, and the registration fee at 2% would be Rs 4,480, bringing the total fees to Rs 20,160. 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 details.

Which Sub Registrar Office covers Appachi Gounder Street?

The Sub Registrar Office that covers Appachi Gounder Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kannampalayam, as it determines the minimum value at which a property can be registered. When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses in any real estate transaction.

It is important to note that the guideline value may differ from the actual sale price of the property. Buyers and sellers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Appachi Gounder Street?

The current guideline value of Appachi Gounder Street is Rs 224 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 224 per sq.ft in 2024, marking an overall increase of +273% over the years.

What are the stamp duty and registration fees for property in Appachi Gounder Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,24,000, with stamp duty at 7% amounting to Rs 15,680 and registration fees at 2% totaling Rs 4,480, leading to a combined fee of Rs 20,160.

Which Sub Registrar Office covers Appachi Gounder Street?

The Sulur Sub Registrar Office covers Appachi Gounder Street, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 336 per sq.ft, while Appachi Gounder Street's 2024 figure is below this median at Rs 224 per sq.ft.