Guideline Value for A.V.R.NAGAR

A.V.R.Nagar guideline value

The current guideline value of A.V.R.Nagar, located in Chettipalayam village, is Rs 703 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of A.V.R.Nagar has changed

The guideline value for A.V.R.Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 703 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 234 per sq.ft, marking a significant increase of 200% from 2017 to 2023. The 2012 revision had set the value at Rs 350 per sq.ft, which represents a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 101%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 703 per sq.ft, which is equal to the guideline value of A.V.R.Nagar.

• A.V.P Nagar: Rs 700 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.R.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value amounts to Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, bringing the total to Rs 63,270. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

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

The Sub Registrar Office that covers A.V.R.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 plays a crucial role in the registration process when buying or selling property in Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

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

The current guideline value of A.V.R.Nagar is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2012 to Rs 703 per sq.ft in 2024, which is an overall increase of 101%.

What is the land classification of A.V.R.Nagar?

A.V.R.Nagar is classified as Residential Class I Type - III as per the guidelines set by the Tiruppur Joint I SRO.

What are the stamp duty and registration fees for property in A.V.R.Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value, which for a 1,000 sq.ft plot at Rs 703 per sq.ft totals Rs 63,270.

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

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