Guideline Value for Appichi Kovil Street

Appichi Kovil Street guideline value

The current guideline value of Appichi Kovil Street is Rs 560 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Appichi Kovil Street has changed

The guideline value for Appichi Kovil Street has seen several revisions over the years. In 2002, the value was Rs 82 per sq.ft, which increased to Rs 100 per sq.ft in 2007. Following this, the value rose significantly to Rs 500 per sq.ft in 2012, but then dropped to Rs 335 per sq.ft in 2017. The next revision in 2023 saw the value increase to Rs 500 per sq.ft, and the most recent revision in 2024 set the value at Rs 560 per sq.ft, marking a 12% increase from the previous year. The register has no figure for this street in 2003.

Overall, from 2002 to 2024, the guideline value has increased by 583%. The changes between the revisions illustrate fluctuations, with the most significant rise occurring from 2007 to 2012, where the value jumped by 400%. In contrast, the drop from 2012 to 2017 was 33%.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO that have a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft, with a median value of Rs 784 per sq.ft. Appichi Kovil Street's 2024 guideline value is below this median.

• Arasakuravan Sandhu: Rs 784 per sq.ft (2024)
• Arima Nagar: Rs 560 per sq.ft (2024)
• Anna Nagar: Rs 784 per sq.ft (2024)
• Annamalai thevar lane: Rs 784 per sq.ft (2024)
• Annamalai settiar lane: Rs 560 per sq.ft (2024)
• Annamadam Street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Appichi Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, and the registration fee at 2% would be Rs 11,200, making the total fees Rs 50,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appichi Kovil Street?

The Sub Registrar Office that covers Appichi Kovil 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 Sulur

The guideline value is an essential factor during property transactions in Sulur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are based on the higher of the guideline value or the sale price.

When registering a property, it is crucial to ensure that the transaction complies with the guideline value set by the Registration Department. This ensures transparency and adherence to legal requirements in property dealings.

Frequently asked questions

What is the current guideline value of Appichi Kovil Street?

The current guideline value of Appichi Kovil Street is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 82 per sq.ft in 2002 to Rs 560 per sq.ft in 2024, reflecting an overall increase of 583% over the years.

What is the role of the Sulur SRO?

The Sulur SRO is responsible for maintaining the guideline value register and facilitating property registrations in the Sulur village area, including Appichi Kovil Street.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,60,000, the total fees would amount to Rs 50,400.

Are there other streets with different guideline values in Sulur?

Yes, there are several other streets in Sulur with varying guideline values. For instance, Arasakuravan Sandhu has a guideline value of Rs 784 per sq.ft, while Arima Nagar shares the same value as Appichi Kovil Street at Rs 560 per sq.ft.