Guideline Value for A.V.P NAGAR

A.V.P Nagar guideline value

The current guideline value of A.V.P Nagar 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 Nagar has changed

The guideline value for A.V.P Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 575 per sq.ft, which then increased to Rs 385 per sq.ft in 2017. This marked a decrease of 33%. Following this, the value saw a significant rise to Rs 700 per sq.ft in both the 2023 and 2024 revisions, reflecting an increase of 82% from the 2017 figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in the guideline value has been an increase of 22%. The 2023 revision maintained the guideline value at Rs 700 per sq.ft, showing no change from the previous year. The current figure of Rs 700 per sq.ft is consistent with the 2023 revision.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that have a guideline value for 2024, 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 Nagar's 2024 figure below that median.

• A.V.R.Nagar: Rs 703 per sq.ft (2024)
• A.V.P Layout: Rs 700 per sq.ft (2024)
• A.V.P.J.S Gardens: Rs 705 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers A.V.P Nagar is 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 Chettipalayam

The guideline value is a crucial factor when registering property in Chettipalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller comply with legal requirements during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 575 per sq.ft in 2012 to Rs 700 per sq.ft in 2023 and 2024, with a significant increase of 82% from 2017 to 2023.

What is the median guideline value in Chettipalayam?

The median guideline value for streets in Chettipalayam is Rs 703 per sq.ft for the year 2024.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 63,000, based on the current guideline value of Rs 700 per sq.ft.

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

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