Guideline Value for ANANDHA AVENUE

Anandha Avenue guideline value

The current guideline value of Anandha Avenue is Rs 705 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 Class IV Type - II.

How the guideline value of Anandha Avenue has changed

In the 2012 revision, the guideline value for Anandha Avenue was set at Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. The 2023 revision saw a significant increase to Rs 300 per sq.ft, followed by a further increase to Rs 705 per sq.ft in the 2024 revision, marking a change of +135% from 2023 to 2024 and an overall increase of +135% from 2012 to 2024.

From 2017 to 2023, the guideline value increased by +49%. It is important to note that there are no registered figures for Anandha Avenue from the years 2002, 2003, and 2007.

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 the village is Rs 711 per sq.ft, which means Anandha Avenue's 2024 figure is below this median.

• Anandha Avenue Extension: Rs 710 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

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, totaling Rs 63,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anandha Avenue?

The Anandha Avenue 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 is a crucial factor in property transactions in Velampalayam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Anandha Avenue?

The current guideline value of Anandha Avenue is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 705 per sq.ft in 2024.

What is the land classification of Anandha Avenue?

Anandha Avenue is classified as Residential Class IV Type - II, indicating its suitability for residential development.

Where can I find the registration office for Anandha Avenue?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 49,350.