Guideline Value for A.V.M. LAYOUT

A.V.M. Layout guideline value

The current guideline value of A.V.M. Layout, located in Palladam village under the Palladam SRO, is Rs 840 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

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

The guideline value for A.V.M. Layout has seen several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 502 per sq.ft. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and then to Rs 840 per sq.ft in the 2024 revision, marking a 12% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has risen by 12%, reflecting the fluctuations in property values in the area.

Guideline values in Palladam

Palladam village has 56 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,450 per sq.ft. The median guideline value is Rs 840 per sq.ft, which is the same as the guideline value for A.V.M. Layout. Below are the guideline values for other streets in Palladam:

• Balaji Nagar: Rs 840 per sq.ft (2024)
• Aruljothi Nagar: Rs 840 per sq.ft (2024)
• Arijana Colony: Rs 440 per sq.ft (2024)
• Bharathi Puram: Rs 720 per sq.ft (2024)
• Annanagar: Rs 780 per sq.ft (2024)
• Andal Nagar: Rs 610 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.V.M. Layout is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Palladam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value helps in calculating the stamp duty and registration fees that are applicable during the sale or purchase of property.

When buying or selling property, the guideline value ensures transparency and fairness in the transaction process. It protects both buyers and sellers by providing a clear valuation that is recognized by the registration authorities.

Frequently asked questions

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

The current guideline value of A.V.M. Layout is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 750 per sq.ft in 2023 to Rs 840 per sq.ft in 2024. The value also decreased from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017 before rising again.

What is the land classification for A.V.M. Layout?

A.V.M. Layout is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in A.V.M. Layout?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, on a 1,000 sq.ft plot valued at Rs 8,40,000, the total stamp duty and registration fees would amount to Rs 75,600.

Which office handles property registrations in A.V.M. Layout?

The Palladam Sub Registrar Office handles property registrations for A.V.M. Layout. It is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.