Guideline Value for A.V.M LAYOUT 2ND STREET

A.V.M Layout 2nd Street guideline value

The current guideline value of A.V.M Layout 2nd 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 2nd Street has changed

Over the years, the guideline value of A.V.M Layout 2nd Street has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 375 per sq.ft. This increased to Rs 630 per sq.ft in 2012, marking a rise of 68%. However, by 2017, the value decreased to Rs 422 per sq.ft, a decline of 33%. The value then rose significantly to Rs 700 per sq.ft in 2023, reflecting a substantial increase of 66%. The most recent revision in 2024 has set the guideline value at Rs 711 per sq.ft, which is an increase of 2% from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 90%.

Guideline values in Ward - A

In Ward - A, there are 229 streets 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 2nd Street's 2024 value of Rs 711 per sq.ft is above this median.

• A.V.M Layout 1st Street: Rs 711 per sq.ft (2024)
• A.V.M Nagar: Rs 711 per sq.ft (2024)
• A.V.M Layout: 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value amounts to Rs 7,11,000. The stamp duty at 7% would be Rs 49,770, while the registration fee at 2% would be Rs 14,220, bringing the total fees together to 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 2nd Street?

The Sub Registrar Office that covers A.V.M Layout 2nd Street 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - A. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the regulations set by the registration department.

When a property is sold, the guideline value is considered alongside the sale price. The duty is charged on the higher of the two values, ensuring that the government receives the appropriate fees based on the property's worth.

Frequently asked questions

What is the current guideline value of A.V.M Layout 2nd Street?

The current guideline value of A.V.M Layout 2nd 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, reflecting an overall increase of 90% over these years.

What are the stamp duty and registration fees for a property in A.V.M Layout 2nd Street?

For a property valued at Rs 7,11,000, the stamp duty is Rs 49,770 and the registration fee is Rs 14,220, totaling Rs 63,990.

Which Sub Registrar Office covers A.V.M Layout 2nd Street?

The Tiruppur Joint II Sub Registrar Office covers A.V.M Layout 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification of A.V.M Layout 2nd Street?

A.V.M Layout 2nd Street is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.