Guideline Value for A.V.P LAYOUT

A.V.P Layout guideline value

The current guideline value for A.V.P Layout in Chettipalayam village is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - I.

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

The guideline value for A.V.P Layout has seen several revisions over the years. The 2012 revision set the value at Rs 575 per sq.ft, which increased to Rs 385 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained a consistent value of Rs 700 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 82% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 703 per sq.ft, placing A.V.P Layout's 2024 figure below that median.

• A.V.P.J.S Gardens: Rs 705 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 per sq.ft (2024)
• A.V.P Nagar: Rs 700 per sq.ft (2024)
• A.V.R.Nagar: Rs 703 per sq.ft (2024)
• Avinashi Goundampalayam Aruljothi Nagar: Rs 704 per sq.ft (2024)
• Avinashigoundampalayam: Rs 704 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Please 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.P Layout?

A.V.P Layout is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's assessed value.

Frequently asked questions

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

The current guideline value of A.V.P Layout is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 575 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, with notable revisions in 2017 and 2023.

What is the median guideline value in Chettipalayam?

The median guideline value for streets in Chettipalayam is Rs 703 per sq.ft, with A.V.P Layout's value being below this median.

What are the stamp duty and registration fees for A.V.P Layout?

For a plot of 1,000 sq.ft, the total stamp duty and registration fees would amount to Rs 63,000, based on the current guideline value.

Which office handles registrations for A.V.P Layout?

The Tiruppur Joint I Sub Registrar Office handles registrations for A.V.P Layout, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.