Guideline Value for A.V.V.S.Colony

A.V.V.S.Colony guideline value

The current guideline value of A.V.V.S.Colony, located in Ward 2 village under the Pollachi SRO, is Rs 302 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class V Type - III land classification.

How the guideline value of A.V.V.S.Colony has changed

Over the years, the guideline value of A.V.V.S.Colony has seen several revisions. In 2007, the guideline value was Rs 140 per sq.ft. This increased to Rs 250 per sq.ft in 2012, but then decreased to Rs 167 per sq.ft in 2017. Subsequently, the value surged to Rs 300 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 302 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 80%. The 2023 to 2024 revision saw a modest increase of 1%. Overall, from 2007 to 2024, the guideline value has risen by 116%.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 420 per sq.ft. The guideline value of A.V.V.S.Colony is below this median.

• Balaji Nagar: Rs 420 per sq.ft (2024)
• Arumugam Pillai Street: Rs 541 per sq.ft (2024)
• Arumugam Gounder Colony: Rs 420 per sq.ft (2024)
• Arul Vadivel Kannapuram: Rs 350 per sq.ft (2024)
• Arul Jothi Co-Operative Colony: Rs 300 per sq.ft (2024)
• Batza Sahip Street: Rs 541 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.V.S.Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 302 per sq.ft, the total guideline value amounts to Rs 3,02,000. The stamp duty at 7% would be Rs 21,140, and the registration fee at 2% would be Rs 6,040, bringing the total to Rs 27,180. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.V.V.S.Colony?

The Sub Registrar Office that covers A.V.V.S.Colony is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 2

The guideline value plays a crucial role during property registration in Ward 2. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official assessment of property value.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The duty is charged on whichever amount is higher, making it essential to understand the guideline value when planning a property transaction.

Frequently asked questions

What is the current guideline value of A.V.V.S.Colony?

The current guideline value of A.V.V.S.Colony is Rs 302 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 140 per sq.ft to Rs 302 per sq.ft by 2024, showing an overall increase of 116% over this period.

What are the stamp duty and registration fees for property in A.V.V.S.Colony?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 21,140 and the registration fee would be Rs 6,040, totaling Rs 27,180.

Which Sub Registrar Office covers A.V.V.S.Colony?

The Pollachi Sub Registrar Office covers A.V.V.S.Colony, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the land classification for A.V.V.S.Colony?

A.V.V.S.Colony falls under the Residential Class V Type - III land classification.