Guideline Value for ANANDHA AVENUE EXTENSION

Anandha Avenue Extension guideline value

The current guideline value of Anandha Avenue Extension is Rs 710 per sq.ft, effective from 1 July 2024. This property is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - III.

How the guideline value of Anandha Avenue Extension has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a change of +49%. The latest revision in 2024 saw a significant increase to Rs 710 per sq.ft, representing a change of +137% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by +253%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Anandha Avenue Extension.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for these streets is Rs 711 per sq.ft, placing Anandha Avenue Extension's 2024 figure slightly below this median.

• Anandha Avenue: Rs 705 per sq.ft (2024)
• Anandha Gokulam Avenue: Rs 890 per sq.ft (2024)
• Anandha Grand: Rs 705 per sq.ft (2024)
• Ananda Enclave: Rs 705 per sq.ft (2024)
• Anaipalayam: Rs 716 per sq.ft (2024)
• Amsa Vinayagar Kovil Veethi: Rs 712 per sq.ft (2024)

Stamp duty and registration fee for property in Anandha Avenue Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 710 per sq.ft, the total guideline value amounts to Rs 7,10,000. The stamp duty at 7% would be Rs 49,700, and the registration fee at 2% would be Rs 14,200, bringing the total cost for these fees to Rs 63,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandha Avenue Extension?

The Anandha Avenue Extension is covered by the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the financial implications of their transaction. This system helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Anandha Avenue Extension?

The current guideline value of Anandha Avenue Extension is Rs 710 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 201 per sq.ft to Rs 710 per sq.ft in 2024, representing an overall change of +253%.

What are the other streets with guideline values in Velampalayam?

Other streets in Velampalayam include Anandha Avenue at Rs 705 per sq.ft, Anandha Gokulam Avenue at Rs 890 per sq.ft, and several others, with values ranging from Rs 701 to Rs 4,480 per sq.ft.

How is stamp duty calculated for properties in Anandha Avenue Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a property valued at Rs 7,10,000, the stamp duty at 7% would be Rs 49,700.

Which office registers properties in Anandha Avenue Extension?

The Tiruppur Joint II Sub Registrar Office is responsible for registering properties in Anandha Avenue Extension, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.