Guideline Value for AARAVAMUDHAN AVENUE

Aaravamudhan Avenue guideline value

The current guideline value of Aaravamudhan Avenue is Rs 716 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Aaravamudhan Avenue has changed

The guideline value for Aaravamudhan Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 630 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 422 per sq.ft. The value then rose to Rs 630 per sq.ft in 2023, before increasing by 14% to the current value of Rs 716 per sq.ft in 2024.

From 2012 to 2024, the overall change in the guideline value is an increase of 14%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 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 for these streets is Rs 711 per sq.ft, placing Aaravamudhan Avenue's 2024 figure above this median.

• Aathis Nagar: Rs 708 per sq.ft (2024)
• Aathupalayam Road: Rs 715 per sq.ft (2024)
• Aavinan Kudi: Rs 707 per sq.ft (2024)
• Abirami Nagar: Rs 709 per sq.ft (2024)
• A B Nagar: Rs 715 per sq.ft (2024)
• A B Nagar 1st St: Rs 716 per sq.ft (2024)

Stamp duty and registration fee for property in Aaravamudhan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 716 per sq.ft, the total guideline value would be Rs 7,16,000. The stamp duty, charged at 7%, would be Rs 50,120, and the registration fee at 2% would be Rs 14,320, bringing the total fees to Rs 64,440. 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 accurate calculations.

Which Sub Registrar Office covers Aaravamudhan Avenue?

The Sub Registrar Office covering Aaravamudhan Avenue is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When buying or selling property, it is essential to consider the guideline value, as it can significantly influence the overall cost of the transaction. The registration authority uses this value to ensure that the appropriate taxes are collected based on the property's worth.

Frequently asked questions

What is the current guideline value of Aaravamudhan Avenue?

The current guideline value of Aaravamudhan Avenue is Rs 716 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 630 per sq.ft in 2012 to Rs 716 per sq.ft in 2024, showing an overall increase of 14% from 2012 to 2024.

What is the land classification for Aaravamudhan Avenue?

Aaravamudhan Avenue is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in Aaravamudhan Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,16,000, with stamp duty at 7% amounting to Rs 50,120 and a registration fee at 2% totaling Rs 14,320. The total fees would be Rs 64,440.

Which office handles registrations for Aaravamudhan Avenue?

The Tiruppur Joint II Sub Registrar Office handles registrations for Aaravamudhan Avenue, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.