Guideline Value for ARUNACHALA AVENUE

Arunachala Avenue guideline value

The current guideline value of Arunachala Avenue is Rs 1,325 per sq.ft, effective from 1 July 2024. This street is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arunachala Avenue has changed

The guideline value for Arunachala Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,325 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes between revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

Kavundampalayam village comprises 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for the village is Rs 1,000 per sq.ft, placing Arunachala Avenue's 2024 guideline value above that median.

• Arun Nagar: Rs 1,325 per sq.ft (2024)
• Arun Nagar Extension: Rs 1,005 per sq.ft (2024)
• Arun Nagar (VOC Nagar): Rs 1,005 per sq.ft (2024)
• Arvindha Nagar: Rs 1,015 per sq.ft (2024)
• Ashok Nagar: Rs 1,325 per sq.ft (2024)
• Ashok Nagar Keel Pagudhi: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachala Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, and the registration fee at 2% would be Rs 26,500, totaling Rs 1,19,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunachala Avenue?

The Sub Registrar Office covering Arunachala Avenue is 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 Kavundampalayam

The guideline value is a crucial factor during property registration in Kavundampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Arunachala Avenue?

The current guideline value of Arunachala Avenue is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification for Arunachala Avenue?

Arunachala Avenue is classified as Residential Class I Type - I.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is stamp duty calculated for properties in Arunachala Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,325 per sq.ft would incur a stamp duty of Rs 92,750.