Guideline Value for Appulipalayam

Appulipalayam guideline value

The current guideline value of Appulipalayam, located in Narasimmanaickenpalayam village under the Periyanayakkan Palayam SRO, is Rs 310 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Appulipalayam has changed

The guideline value for Appulipalayam has seen several revisions over the years. The 2012 revision set the value at Rs 280 per sq.ft, which decreased to Rs 188 per sq.ft in 2017. Following this, the value increased significantly to Rs 281 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 310 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value for these streets is Rs 310 per sq.ft, which is equal to the current value for Appulipalayam.

• A.P. Nagar: Rs 220 per sq.ft (2024)
• Arijana Colony (Ward 2): Rs 220 per sq.ft (2024)
• Arijana Colony (Ward 4): Rs 220 per sq.ft (2024)
• Arijana Colony (Ward 7): Rs 220 per sq.ft (2024)
• Anna Nagar (Ward 2): Rs 220 per sq.ft (2024)
• Anna Nagar (Ward - 15): Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Appulipalayam

For a 1,000 sq.ft plot at the current rate of Rs 310 per sq.ft, the guideline value totals Rs 3,10,000. The stamp duty at 7% would be Rs 21,700, and the registration fee at 2% would be Rs 6,200, bringing the total charges to Rs 27,900. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Appulipalayam?

The Sub Registrar Office that covers Appulipalayam is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

When buying or selling property in Narasimmanaickenpalayam, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used to calculate these fees, ensuring that the transaction is registered at a value recognized by the state.

It is essential for both buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. This value is updated periodically, reflecting changes in the real estate market as determined by the Registration Department.

Frequently asked questions

What is the current guideline value of Appulipalayam?

The current guideline value of Appulipalayam is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 280 per sq.ft to Rs 310 per sq.ft in 2024, with significant fluctuations in between, including a decrease in 2017 and an increase in 2023.

What is the median guideline value in Narasimmanaickenpalayam?

The median guideline value in Narasimmanaickenpalayam is Rs 310 per sq.ft, which matches the current value for Appulipalayam.

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

For a property valued at Rs 3,10,000, the stamp duty would be Rs 21,700 and the registration fee would be Rs 6,200, totaling Rs 27,900.

Where can I find the Sub Registrar Office for Appulipalayam?

The Sub Registrar Office for Appulipalayam is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.