Guideline Value for Appachi Street

Appachi Street guideline value

The current guideline value of Appachi Street, located in Koogaloor village, is Rs 205 per sq.ft. This value is effective from the 2024 revision under the Gobichettipalayam Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Appachi Street has changed

The guideline value of Appachi Street has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it decreased by 33% to Rs 67 per sq.ft in 2017. Following this, the value surged to Rs 200 per sq.ft in 2023, marking a significant increase of 199%. The most recent revision in 2024 set the value at Rs 205 per sq.ft, a rise of 3% from the previous year.

It is important to note that the register does not contain figures for the years 2002 and 2003 for Appachi Street. Overall, from 2007 to 2024, the guideline value has increased by 310%.

Guideline values in Koogaloor

In Koogaloor, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value ranging from Rs 205 to Rs 205 per sq.ft, with the median also being Rs 205 per sq.ft. Appachi Street's 2024 figure aligns with this median.

• Anthiyur main road: Rs 205 per sq.ft (2024)
• Arumaikarar kaliannan Street: Rs 205 per sq.ft (2024)
• Arumaikarrar Street: Rs 205 per sq.ft (2024)
• Ashokmetha Street: Rs 205 per sq.ft (2024)
• Ambedhkar Street: Rs 205 per sq.ft (2024)
• Bagavathi Street: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Appachi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 205 per sq.ft, the total guideline value is Rs 2,05,000. The stamp duty at 7% would be Rs 14,350, and the registration fee at 2% would be Rs 4,100, making the total charges Rs 18,450. 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 details.

Which Sub Registrar Office covers Appachi Street?

The Sub Registrar Office that covers Appachi Street is the Gobichettipalayam Joint II Sub Registrar Office, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Koogaloor. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Appachi Street?

The current guideline value of Appachi Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, marking an overall increase of 310% over this period.

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

For a 1,000 sq.ft property at the current guideline value, the total charges would be Rs 18,450, which includes stamp duty and registration fees.

Which office handles the registration for Appachi Street?

The Gobichettipalayam Joint II Sub Registrar Office handles the registration for Appachi Street, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452.

What is the land classification for Appachi Street?

The land classification for Appachi Street is Residential Special Type - III, indicating its designated use for residential purposes.