Guideline Value for A.V.P LAYOUT

A.V.P Layout guideline value

The current guideline value of A.V.P Layout is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in WARD - i village under the Tiruppur Joint II SRO, classified as Mixed Type - I land.

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. In 2012, the value was set at Rs 1,000 per sq.ft. This figure was then revised in 2017 to Rs 670 per sq.ft, marking a decrease of 33%. The value increased again in 2023 to Rs 1,000 per sq.ft, and most recently, it has risen to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the 2012 figure to the 2024 figure, there is a 10% increase in the guideline value.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of A.V.P Layout.

• A.V.P LAYOUT 1st STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 2nd STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 3rd STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 4th STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 5th STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 6th STREET: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The A.V.P Layout 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 information.

How the guideline value is used when you buy or sell in WARD - i

The guideline value is a crucial factor in the registration process for property transactions in WARD - i. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is consistent and fair, based on the officially recognized values.

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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

A.V.P Layout is classified as Mixed Type - I land according to the guideline value register.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 99,000.

Which office handles the registration for A.V.P Layout?

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