Guideline Value for Appulu Ayyar Road or Lane

Appulu Ayyar Road or Lane guideline value

The current guideline value of Appulu Ayyar Road or Lane is Rs 2,300 per sq.ft, effective from 1 July 2024. This road is located in Sowripalayam village under the Peelamedu SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Appulu Ayyar Road or Lane has changed

The guideline value for Appulu Ayyar Road or Lane has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 123 per sq.ft. This increased to Rs 139 per sq.ft in 2003, marking a 13% rise. The value then saw substantial growth, reaching Rs 507 per sq.ft in 2007, an increase of 265%. By 2012, the value was Rs 2,000 per sq.ft, reflecting a significant increase of 294%. However, in 2017, it decreased to Rs 1,340 per sq.ft, a drop of 33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 2,300 per sq.ft, a 15% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,770%. There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Sowripalayam

Sowripalayam village has a total of 186 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value for these streets is Rs 2,300 per sq.ft, which is equal to the current guideline value of Appulu Ayyar Road or Lane.

• Ara Gounder Street: Rs 1,010 per sq.ft (2024)
• Anna Nagar: Rs 3,520 per sq.ft (2024)
• Arumuga Gounder Street: Rs 3,520 per sq.ft (2024)
• Annamar Kovil Street(Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)
• Annamalai Nagar: Rs 2,300 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Appulu Ayyar Road or Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. 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 Appulu Ayyar Road or Lane?

The Sub Registrar Office that covers Appulu Ayyar Road or Lane is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Sowripalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Appulu Ayyar Road or Lane?

The current guideline value of Appulu Ayyar Road or Lane is Rs 2,300 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 123 per sq.ft in 2002 to Rs 2,300 per sq.ft in 2024, reflecting an overall increase of 1,770% over this period.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in the area is currently set at 7% of the guideline value or sale price, whichever is higher.

Where is the Peelamedu Sub Registrar Office located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone.

How many streets in Sowripalayam have a guideline value?

There are 186 streets in Sowripalayam under the Peelamedu SRO that carry a 2024 guideline value, with values ranging from Rs 1,000 to Rs 7,800 per sq.ft.