Guideline Value for A V P LAYOUT

A V P Layout guideline value

The current guideline value of A V P Layout in Velampalayam village is Rs 890 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of A V P Layout has changed

Over the years, the guideline value for A V P Layout has seen several revisions. The earliest recorded value was Rs 800 per sq.ft in 2012. This figure was then revised to Rs 536 per sq.ft in 2017, which marked a decrease of 33%. However, in 2023, the value increased significantly to Rs 800 per sq.ft, and the most recent revision in 2024 set the value at Rs 890 per sq.ft, reflecting an increase of 11% from the previous year.

From 2017 to 2023, the guideline value rose by 49%, showing a substantial increase in the value of the property. Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing A V P Layout's 2024 figure above the median.

• A V P Road: Rs 890 per sq.ft (2024)
• A V P Road Annuparpalayam: Rs 890 per sq.ft (2024)
• A V P Road Kavitha Lakshmi Nagar: Rs 890 per sq.ft (2024)
• A V P Road Lakshmi Nagar: Rs 890 per sq.ft (2024)
• A V P Road Muthu Gopal Nagar: Rs 890 per sq.ft (2024)
• Avanasi Road: Rs 4,480 per sq.ft (2024)

Stamp duty and registration fee for property in A V P Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 890 per sq.ft, the total guideline value would be Rs 8,90,000. The stamp duty at 7% would amount to Rs 62,300, while the registration fee at 2% would be Rs 17,800, leading to a total of Rs 80,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A V P Layout?

The A V P Layout is covered by the Tiruppur Joint II Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Velampalayam

The guideline value plays a crucial role in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction reflects a fair value in accordance with government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency in property transactions and ensures compliance with local laws.

Frequently asked questions

What is the current guideline value of A V P Layout?

The current guideline value of A V P Layout is Rs 890 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 890 per sq.ft in 2024.

What is the land classification of A V P Layout?

A V P Layout is classified as Mixed Type - I land under the Tiruppur Joint II SRO.

Where can I find the Sub Registrar Office for A V P Layout?

The Sub Registrar Office covering A V P Layout is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the stamp duty and registration fees for property in A V P Layout?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,90,000, leading to a stamp duty of Rs 62,300 and a registration fee of Rs 17,800, totaling Rs 80,100.