Guideline Value for Appai veethy

Appai veethy guideline value

The current guideline value of Appai veethy is Rs 1,232 per sq.ft, effective from 1 July 2024. This street is located in Uppilipalayam village under the Singanallur SRO, classified as Residential Class I Type - II.

How the guideline value of Appai veethy has changed

The guideline value for Appai veethy has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 230 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2012, marking a substantial rise of 378%. However, by 2017, the value decreased to Rs 737 per sq.ft, a drop of 33%. The 2023 revision saw a notable increase to Rs 1,100 per sq.ft, followed by the current figure of Rs 1,232 per sq.ft in 2024, reflecting a 12% rise.

In summary, the guideline value has increased from Rs 230 per sq.ft in 2007 to Rs 1,232 per sq.ft in 2024, representing an overall increase of 436%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value is Rs 1,232 per sq.ft, which is the same as the current value for Appai veethy.

• Anugraha Garden: Rs 2,016 per sq.ft (2024)
• Anugraha Apartments: Rs 2,800 per sq.ft (2024)
• Anna Nagar(peelamedu): Rs 1,680 per sq.ft (2024)
• Anna nagar(N K palayam): Rs 1,232 per sq.ft (2024)
• Anna nagar: Rs 1,232 per sq.ft (2024)
• Arul Murugan Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Appai veethy

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value would be Rs 12,32,000. The stamp duty at 7% would amount to Rs 86,240, and the registration fee at 2% would be Rs 24,640, totaling Rs 1,10,880. 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 more detailed calculations.

Which Sub Registrar Office covers Appai veethy?

The Sub Registrar Office covering Appai veethy 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When registering a property, the buyer must pay stamp duty and registration fees 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 veethy?

The current guideline value of Appai veethy is Rs 1,232 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,232 per sq.ft in 2024, with notable revisions in 2012, 2017, and 2023.

What is the land classification for Appai veethy?

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

What are the stamp duty and registration fees for property in Appai veethy?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Singanallur Sub Registrar Office located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.