Guideline Value for AVANANDISHWARAR LAYOUT

Avanandishwarar Layout guideline value

The current guideline value of Avanandishwarar Layout is Rs 500 per sq.ft, effective from 1 July 2024. This layout is located in Ward - B village under the Udumalpettai SRO and is classified as Residential Class I Type - III.

How the guideline value of Avanandishwarar Layout has changed

In the 2012 revision, the guideline value was set at Rs 450 per sq.ft. This figure decreased to Rs 301 per sq.ft in the 2017 revision, marking a decline of 33%. However, in 2023, the value increased to Rs 450 per sq.ft, and in the latest 2024 revision, it rose further to Rs 500 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value is Rs 500 per sq.ft, which is equal to the guideline value of Avanandishwarar Layout.

• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Ariyar Real Estate: Rs 500 per sq.ft (2024)
• Arasilango Street: Rs 380 per sq.ft (2024)
• Baseer Ahamed Layout: Rs 660 per sq.ft (2024)
• Anusham Nagar: Rs 660 per sq.ft (2024)
• Anna Street: Rs 380 per sq.ft (2024)

Stamp duty and registration fee for property in Avanandishwarar Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avanandishwarar Layout?

The Avanandishwarar Layout falls under the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial factor during the registration of property transactions in Ward - B. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and tax purposes.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Avanandishwarar Layout?

The current guideline value of Avanandishwarar Layout is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then back to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What is the land classification of Avanandishwarar Layout?

Avanandishwarar Layout is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Avanandishwarar Layout?

The Sub Registrar Office for Avanandishwarar Layout is located at 21, Katcheri Street, Taluk Office Campus, Udumalapet - 642126, Coimbatore registration zone.

How is stamp duty calculated for properties in Avanandishwarar Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.