Guideline Value for A V P ROAD

A V P Road guideline value

The current guideline value of A V P Road 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 Road has changed

The guideline value for A V P Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 800 per sq.ft, followed by the current 2024 revision, which raised it to Rs 890 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Between these revisions, the changes were as follows: from 2007 to 2012, there was an increase of 167%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 197%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 711 per sq.ft, making the 2024 guideline value of A V P Road above the median.

• 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)
• A V P Layout: 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 Road

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, and the registration fee at 2% would be Rs 17,800, totaling 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 detailed calculations.

Which Sub Registrar Office covers A V P Road?

The A V P Road is covered by 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 an essential factor in property transactions in Velampalayam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that the property is assessed fairly, and it helps in maintaining transparency in property transactions. It is advisable for buyers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of A V P Road 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 300 per sq.ft in 2007 to Rs 890 per sq.ft in 2024, reflecting an overall increase of 197% over the years.

What is the registration office for A V P Road?

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

How is stamp duty calculated for properties on A V P Road?

Stamp duty for properties on A V P Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 62,300 based on the current guideline value.

What other streets have the same guideline value as A V P Road?

Several other streets in Velampalayam share the same guideline value of Rs 890 per sq.ft for 2024, including A V P Road Annuparpalayam, A V P Road Kavitha Lakshmi Nagar, A V P Road Lakshmi Nagar, A V P Road Muthu Gopal Nagar, and A V P Layout.