Guideline Value for A K C AVENUE

A K C Avenue guideline value

The current guideline value of A K C Avenue in Thetthipalayam village, under the Thondamuthur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of A K C Avenue has changed

Over the years, the guideline value of A K C Avenue has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 70 per sq.ft. This increased to Rs 175 per sq.ft in 2012, marking a significant rise of 150%. However, between 2012 and 2017, the value decreased to Rs 117 per sq.ft, a decline of 33%. The value then rose to Rs 175 per sq.ft in 2023, followed by another increase to Rs 200 per sq.ft in 2024, reflecting a 14% rise.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2007 to 2024, the guideline value has risen by 186%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Thetthipalayam

In Thetthipalayam, there are 29 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 280 per sq.ft. A K C Avenue's current value is below this median.

• Annai Velankanni Nagar: Rs 200 per sq.ft (2024)
• Arul Nagar: Rs 280 per sq.ft (2024)
• Arumuga Avenue: Rs 200 per sq.ft (2024)
• BAHRTHIAR St: Rs 500 per sq.ft (2024)
• Balaji Gardens: Rs 280 per sq.ft (2024)
• Dr KANDHASAMY NAGAR: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in A K C Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A K C Avenue?

A K C Avenue falls under the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thetthipalayam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of A K C Avenue?

The current guideline value of A K C Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 186% over the years.

What is the land classification of A K C Avenue?

A K C Avenue is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for A K C Avenue?

The registration office covering A K C Avenue is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

How is stamp duty calculated for properties in Thetthipalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at the current rate of 7%.