Guideline Value for AAVISHKAR NARUVI

Aavishkar Naruvi guideline value

The current guideline value of Aavishkar Naruvi is Rs 1,003 per sq.ft, effective from 1 July 2024. This street is located in Vadavalli village under the Vadavalli SRO, classified as Residential Class IV Type - I.

How the guideline value of Aavishkar Naruvi has changed

The guideline value for Aavishkar Naruvi has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which was then revised to Rs 1,003 per sq.ft in 2024, reflecting a change of +0%.

Prior to the 2023 revision, there were no recorded figures for this street in the register for the years mentioned. The current figure of Rs 1,003 per sq.ft for 2024 is the latest and shows a slight increase from the previous year's value.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Aavishkar Naruvi's 2024 figure is below this median.

• AARK Nagar: Rs 1,001 per sq.ft (2024)
• Abirami Nagar: Rs 1,100 per sq.ft (2024)
• Aandavar Street: Rs 1,001 per sq.ft (2024)
• Abirami Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• Abirami Nagar (ward No. 18): Rs 1,100 per sq.ft (2024)
• A.D. Colony (WARD 1): Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Aavishkar Naruvi

For a 1,000 sq.ft plot at the current rate of Rs 1,003 per sq.ft, the guideline value would be Rs 10,03,000. The stamp duty at 7% would amount to Rs 70,210, and the registration fee at 2% would be Rs 20,060, totaling Rs 90,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aavishkar Naruvi?

Aavishkar Naruvi falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Vadavalli. It serves as a benchmark for calculating the stamp duty and registration fees during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. This value is particularly important for both buyers and sellers to understand their financial obligations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Aavishkar Naruvi?

The current guideline value of Aavishkar Naruvi is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,003 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Aavishkar Naruvi?

Aavishkar Naruvi is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.

How do I calculate stamp duty for property in Aavishkar Naruvi?

To calculate stamp duty, you need to consider the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,003 per sq.ft would incur a stamp duty of Rs 70,210.

Where is the Sub Registrar Office for Aavishkar Naruvi located?

The Sub Registrar Office covering Aavishkar Naruvi is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles all registration activities for the area.