Guideline Value for Appai naidu layout

Appai naidu layout guideline value

The current guideline value for Appai Naidu Layout is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Vellalore village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Appai naidu layout has changed

Over the years, the guideline value for Appai Naidu Layout has seen significant changes. The 2007 revision set the value at Rs 35 per sq.ft, which increased dramatically to Rs 300 per sq.ft in 2012, marking a rise of 757%. However, the value dropped to Rs 201 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revisions saw the value rise to Rs 300 per sq.ft in 2023 and then to Rs 330 per sq.ft in 2024, with the latter representing a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 value, there has been an increase of 843%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

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. The median value is Rs 330 per sq.ft, which is equal to the guideline value of Appai Naidu Layout.

• Appachiar Street: Rs 275 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 Appai naidu layout

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Appai naidu layout?

The Appai Naidu Layout is covered by 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vellalore. It determines the minimum value at which a property can be registered, ensuring compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Appai Naidu Layout?

The current guideline value of Appai Naidu Layout is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 35 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 843% over this period.

What is the land classification of Appai Naidu Layout?

Appai Naidu Layout is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 29,700 in fees based on the current guideline value.

Where can I find the Sub Registrar Office for Appai Naidu Layout?

The Sub Registrar Office covering Appai Naidu Layout is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find more details by visiting the provided link.