Guideline Value for A.V.P LAYOUT

A.V.P Layout guideline value

The current guideline value of A.V.P Layout, located in Ward - C village under the Tiruppur Joint I SRO, is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - II.

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

Over the years, the guideline value of A.V.P Layout has seen several revisions. The 2007 revision set the value at Rs 740 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, in 2017, the value dropped to Rs 670 per sq.ft. The 2023 revision marked a significant increase to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,120 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. The overall change from 2007 to 2024 is an increase of 51%.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 4,480 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the guideline value of A.V.P Layout.

• A.V.P LAYOUT 1ST to 7th STREET: Rs 1,120 per sq.ft (2024)
• Avinashi Road (Bazaar Street): Rs 4,480 per sq.ft (2024)
• Avinashi Road 60 Feet (North Side): Rs 4,480 per sq.ft (2024)
• Avinashi Road: Rs 4,480 per sq.ft (2024)
• BABUJI NAGAR 1ST to 4th STREET: Rs 1,455 per sq.ft (2024)
• Babuji Nagar Main Street: Rs 1,455 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 guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty, charged at 7%, would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, resulting in a total of Rs 1,00,800. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The 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, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ward - C. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. This ensures that all parties are informed and prepared for the financial obligations involved in the transfer of property ownership.

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 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 740 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, with several revisions in between, including a drop to Rs 670 in 2017.

What is the land classification of A.V.P Layout?

A.V.P Layout is classified as Residential Class III Type - II.

Where can I find the registration office for A.V.P Layout?

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

How is stamp duty calculated for property in A.V.P Layout?

Stamp duty for property in A.V.P Layout is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 11,20,000, leading to a stamp duty of Rs 78,400.