Guideline Value for A.V.M NAGAR

A.V.M Nagar guideline value

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

How the guideline value of A.V.M Nagar has changed

The guideline value for A.V.M Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 375 per sq.ft, which increased to Rs 630 per sq.ft in 2012. However, there was a decline to Rs 422 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 700 per sq.ft, and the current value as of 2024 is Rs 711 per sq.ft. The register has no figure for this street in 2002 and 2003.

In terms of percentage changes, the value increased by 68% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then surged by 66% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 2% increase. Overall, from 2007 to 2024, the guideline value has risen by 90%.

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 Nagar's 2024 figure is above this median.

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

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, and the registration fee at 2% would be Rs 14,220, making the total charges Rs 63,990. 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 further calculations.

Which Sub Registrar Office covers A.V.M Nagar?

A.V.M Nagar is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the 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 of properties in Ward - A. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value is assessed to ensure that the transaction is recorded accurately. This value is essential for calculating the official costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of A.V.M Nagar?

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

How has the guideline value changed over the years?

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

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

Other streets in Ward - A include A.V.M Layout 2nd Street, A.V.M Layout 1st Street, and Balamurugan Colony, all with a guideline value of Rs 711 per sq.ft in 2024.

What is the registration fee for property in A.V.M Nagar?

The registration fee is 2% of the guideline value. For a property valued at Rs 7,11,000, the registration fee would be Rs 14,220.

Where can I find the Sub Registrar Office for A.V.M Nagar?

The Sub Registrar Office covering A.V.M Nagar is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.