Guideline Value for ASWIN AVENUE

Aswin Avenue guideline value

The current guideline value of Aswin Avenue is Rs 675 per sq.ft, effective from 1 July 2024. This street is located in T.Kottampatti village under the Pollachi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Aswin Avenue has changed

In the 2017 revision, the guideline value for Aswin Avenue was Rs 452 per sq.ft. This figure saw a significant increase of 49% to Rs 675 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2024 revision, the overall change in guideline value is also +49%. The 2024 revision reflects the same value as the 2023 revision, indicating stability in the guideline value during this period.

Guideline values in T.Kottampatti

In T.Kottampatti, there are 84 streets under the Pollachi SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,060 per sq.ft. The median guideline value for these streets is Rs 420 per sq.ft, placing Aswin Avenue's 2024 figure above this median.

• Azhaghu Sundaram Nagar: Rs 420 per sq.ft (2024)
• Balaji Nagar: Rs 420 per sq.ft (2024)
• Anna Nagar (Slum): Rs 301 per sq.ft (2024)
• Anna Colony (Puram): Rs 301 per sq.ft (2024)
• Anna Colony (Indra Nagar-Puram): Rs 301 per sq.ft (2024)
• Devi Garden Extn: Rs 420 per sq.ft (2024)

Stamp duty and registration fee for property in Aswin Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 675 per sq.ft, the total guideline value amounts to Rs 6,75,000. The stamp duty at 7% would be Rs 47,250, and the registration fee at 2% would be Rs 13,500, bringing the total cost for these fees to Rs 60,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Aswin Avenue?

The Sub Registrar Office covering Aswin Avenue is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in T.Kottampatti

The guideline value is a crucial factor in property transactions in T.Kottampatti. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees during the buying or selling process.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value to avoid any legal issues during registration. The registration office will refer to the guideline value to assess the applicable fees and taxes.

Frequently asked questions

What is the current guideline value of Aswin Avenue?

The current guideline value of Aswin Avenue is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aswin Avenue increased from Rs 452 per sq.ft in 2017 to Rs 675 per sq.ft in 2023, with no change in 2024. Overall, this represents a 49% increase from 2017 to 2024.

What is the land classification of Aswin Avenue?

Aswin Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Aswin Avenue?

The registration office for Aswin Avenue is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated for properties in T.Kottampatti?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 6,75,000, the stamp duty would be Rs 47,250 at a rate of 7%.