Guideline Value for A.V.G Layout (Ward 17)

A.V.G Layout (Ward 17) guideline value

The current guideline value of A.V.G Layout (Ward 17) is Rs 1,055 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this layout is Residential Class I Type - III.

How the guideline value of A.V.G Layout (Ward 17) has changed

The guideline value of A.V.G Layout has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 1,055 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 87%. The change from 2023 to 2024 represents a 6% increase. Overall, from 2012 to 2024, the guideline value has risen by 32%.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,040 per sq.ft, placing A.V.G Layout's 2024 figure above this median.

• Auditor Street (Ward 10): Rs 1,040 per sq.ft (2024)
• Athaas Valavu: Rs 1,035 per sq.ft (2024)
• Ayya Gounder Street: Rs 1,035 per sq.ft (2024)
• Astalakshmi Nagar (Madukkarai Road) (Ward 18): Rs 1,055 per sq.ft (2024)
• Ashok Nagar (Madukkarai Road) (Ward 18): Rs 1,055 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.G Layout (Ward 17)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total cost for stamp duty and registration fees to Rs 94,950. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.V.G Layout (Ward 17)?

The Sub Registrar Office that covers A.V.G Layout (Ward 17) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged based on the higher of the guideline value or the sale price. This ensures transparency and compliance with the legal requirements for property transactions.

Frequently asked questions

What is the current guideline value of A.V.G Layout (Ward 17)?

The current guideline value of A.V.G Layout (Ward 17) is Rs 1,055 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 1,000 per sq.ft in 2023, and finally to Rs 1,055 per sq.ft in 2024.

What is the land classification of A.V.G Layout (Ward 17)?

A.V.G Layout (Ward 17) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for A.V.G Layout (Ward 17)?

The Sub Registrar Office for A.V.G Layout (Ward 17) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in A.V.G Layout (Ward 17)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 10,55,000, leading to a stamp duty of Rs 73,850.