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Guideline Value

Corporate

Guideline Value for A V P ROAD KAVITHA LAKSHMI NAGAR

₹890/sq.ft.

The guideline value for A V P Road Kavitha Lakshmi Nagar in Velampalayam village (Tiruppur Joint Ii SRO, Coimbatore zone) is Rs 890 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 11% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Velampalayam

Village

Tiruppur Joint II

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹890 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960035
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on A V P Road Kavitha Lakshmi Nagar

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A V P Road Kavitha Lakshmi Nagar guideline value

The current guideline value of A V P Road Kavitha Lakshmi Nagar is Rs 890 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village and falls under the Tiruppur Joint II SRO. The land classification for this area is Mixed Type - I.

How the guideline value of A V P Road Kavitha Lakshmi Nagar has changed

The guideline value for A V P Road Kavitha Lakshmi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 890 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The changes from 2017 to 2023 reflect a substantial increase of 49%, while the drop from 2012 to 2017 was a decrease of 33%. It is important to note that the register has no figures for the years 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, making the 2024 guideline value of A V P Road Kavitha Lakshmi Nagar above this median.

Stamp duty and registration fee for property in A V P Road Kavitha Lakshmi Nagar

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, charged at 7%, would amount to Rs 62,300, and the registration fee at 2% would be Rs 17,800, bringing the total cost for stamp duty and registration fees to Rs 80,100. It is important to note that 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 A V P Road Kavitha Lakshmi Nagar?

The Sub Registrar Office that covers A V P Road Kavitha Lakshmi Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 is a crucial factor in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A V P Road Kavitha Lakshmi Nagar?

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

How has the guideline value changed over the years?

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 for A V P Road Kavitha Lakshmi Nagar?

The land classification for A V P Road Kavitha Lakshmi Nagar is Mixed Type - I, as per the local regulations.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for A V P Road Kavitha Lakshmi Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,90,000, the stamp duty would be Rs 62,300 at a rate of 7%.