Guideline Value for A.V.M LAYOUT 1ST STREET

A.V.M Layout 1st Street guideline value

The current guideline value of A.V.M Layout 1st Street is Rs 711 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village under the Tiruppur Joint II SRO and is classified as Commercial Class I Type - II.

How the guideline value of A.V.M Layout 1st Street has changed

The guideline value for A.V.M Layout 1st Street has seen several revisions over the years. In 2007, the value was Rs 375 per sq.ft, which increased to Rs 630 per sq.ft in 2012. However, there was a decrease to Rs 422 per sq.ft in 2017. Following this, the value rose significantly to Rs 700 per sq.ft in 2023, and currently stands at Rs 711 per sq.ft in 2024, reflecting a 2% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 90%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Ward - A

In Ward - A, there are 229 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 880 per sq.ft, with a median value of Rs 709 per sq.ft. A.V.M Layout 1st Street's current guideline value is above this median.

• A.V.M Layout 2nd Street: Rs 711 per sq.ft (2024)
• A.V.M Layout: Rs 711 per sq.ft (2024)
• A.V.M Nagar: Rs 711 per sq.ft (2024)
• Athimara Thottam: Rs 701 per sq.ft (2024)
• Bagavathi Amman Nagar: Rs 707 per sq.ft (2024)
• Balamurugan Colony: Rs 711 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.M Layout 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value would be Rs 7,11,000. The stamp duty at 7% would amount to Rs 49,770, while the registration fee at 2% would be Rs 14,220. Together, the total cost for stamp duty and registration would be Rs 63,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.V.M Layout 1st Street?

The A.V.M Layout 1st Street 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 more details.

How the guideline value is used when you buy or sell in Ward - A

The guideline value is a crucial factor during the registration of property transactions in Ward - A. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official valuation set by the government. This value helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of A.V.M Layout 1st Street?

The current guideline value of A.V.M Layout 1st Street is Rs 711 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2007 to Rs 711 per sq.ft in 2024, showing an overall increase of 90% over this period.

What is the stamp duty for property in A.V.M Layout 1st Street?

The stamp duty for property in A.V.M Layout 1st Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Tiruppur Joint II Sub Registrar Office covers A.V.M Layout 1st Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the other streets with similar guideline values in Ward - A?

Other streets in Ward - A have guideline values ranging from Rs 701 to Rs 711 per sq.ft. Some of these streets include A.V.M Layout 2nd Street, A.V.M Layout, and Balamurugan Colony, all valued at Rs 711 per sq.ft in 2024.