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Guideline Value

Corporate

Guideline Value for A V P ROAD LAKSHMI NAGAR

₹890/sq.ft.

The guideline value for A V P Road 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 Lakshmi Nagar

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A V P Road Lakshmi Nagar guideline value

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

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

The guideline value for A V P Road Lakshmi Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft. This figure decreased to Rs 536 per sq.ft in 2017, representing a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 800 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 890 per sq.ft, marking an 11% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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 guideline value in the village is Rs 711 per sq.ft, placing A V P Road Lakshmi Nagar's 2024 value above this median.

Stamp duty and registration fee for property in A V P Road 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 at 7% would amount to Rs 62,300, while the registration fee at 2% would be Rs 17,800. Together, the total fees would be Rs 80,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A V P Road Lakshmi Nagar?

The A V P Road Lakshmi Nagar falls under 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 further assistance.

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

The guideline value is an essential factor in property transactions in Velampalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value can also influence negotiations during the buying or selling process, as it reflects the official valuation of the property.

Frequently asked questions

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

The current guideline value of A V P Road Lakshmi Nagar 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 increased 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 Lakshmi Nagar?

A V P Road Lakshmi Nagar falls under the Mixed Type - I land classification.

Which Sub Registrar Office covers A V P Road Lakshmi Nagar?

The Tiruppur Joint II Sub Registrar Office covers A V P Road Lakshmi Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in A V P Road Lakshmi Nagar?

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