Guideline Value for AAVINAN KUDI

Aavinan Kudi guideline value

The current guideline value of Aavinan Kudi is Rs 707 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class III Type - III.

How the guideline value of Aavinan Kudi has changed

The guideline value for Aavinan Kudi has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which was then reduced to Rs 234 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased by 50% to Rs 350 per sq.ft, and the most recent 2024 revision shows a significant increase of 102%, bringing the value to Rs 707 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 102%.

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 guideline value in this area is Rs 711 per sq.ft, indicating that Aavinan Kudi's 2024 figure is below that median.

• Aathupalayam Road: Rs 715 per sq.ft (2024)
• Aathis Nagar: Rs 708 per sq.ft (2024)
• Aaravamudhan Avenue: Rs 716 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 Aavinan Kudi

For a 1,000 sq.ft plot at the current rate of Rs 707 per sq.ft, the guideline value amounts to Rs 7,07,000. The stamp duty at 7% would be Rs 49,490, and the registration fee at 2% would be Rs 14,140, totaling Rs 63,630. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aavinan Kudi?

Aavinan Kudi falls under 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 an essential factor when registering property transactions in Velampalayam. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a buyer or seller proceeds with a transaction, the guideline value helps ensure that the property is registered at a value that reflects the official rates set by the government. This process aids in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for Aavinan Kudi?

The current guideline value for Aavinan Kudi is Rs 707 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 707 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Aavinan Kudi?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 63,630, which includes Rs 49,490 for stamp duty and Rs 14,140 for registration fees.

Which Sub Registrar Office covers Aavinan Kudi?

Aavinan Kudi is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the median guideline value in Velampalayam?

The median guideline value in Velampalayam is Rs 711 per sq.ft, which indicates that Aavinan Kudi's 2024 figure is below this median.