Guideline Value for Appachiar Street

Appachiar Street guideline value

The current guideline value of Appachiar Street is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Vellalore village, under the Singanallur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Appachiar Street has changed

In the 2012 revision, the guideline value was Rs 250 per sq.ft. This figure then decreased to Rs 167 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 250 per sq.ft in the 2023 revision, which was a 50% increase compared to 2017. The most recent revision in 2024 saw another rise to Rs 275 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 regarding Appachiar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO, with guideline values ranging from Rs 210 to Rs 3,850 per sq.ft. The median guideline value in the village is Rs 330 per sq.ft, placing Appachiar Street's 2024 figure below this median.

• Appai naidu layout: Rs 330 per sq.ft (2024)
• Appa Naidu Layout Extension: Rs 770 per sq.ft (2024)
• Appanaidu Layout Part: Rs 770 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 Appachiar Street

For a 1,000 sq.ft plot at the current rate of Rs 275 per sq.ft, the guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, totaling Rs 24,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more assistance.

Which Sub Registrar Office covers Appachiar Street?

The Sub Registrar Office that covers Appachiar Street 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 inquiries.

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

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

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential for buyers to be aware of the guideline value to understand their financial obligations regarding stamp duty and registration fees during the property transaction process.

Frequently asked questions

What is the current guideline value of Appachiar Street?

The current guideline value of Appachiar Street is Rs 275 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 275 per sq.ft in 2024.

What is the land classification of Appachiar Street?

Appachiar Street is classified as Residential Class II Type - II.

Where can I find the registration office for Appachiar Street?

The registration office for Appachiar Street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Appachiar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 275 per sq.ft would incur a stamp duty of Rs 19,250.