Guideline Value for AVANASI ROAD

Avanasi Road guideline value

The current guideline value of Avanasi Road in Velampalayam village is Rs 4,480 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint II SRO and is classified as Commercial Special Type - I.

How the guideline value of Avanasi Road has changed

The guideline value for Avanasi Road has seen several revisions over the years. In 2012, the guideline value was set at Rs 4,000 per sq.ft. This figure decreased significantly to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. However, in the subsequent revisions, the value increased, reaching Rs 4,000 per sq.ft again in 2023, and further rising to Rs 4,480 per sq.ft in 2024, which is an increase of 12% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft as of 2024. The median guideline value in the village is Rs 711 per sq.ft, placing Avanasi Road's value above this median.

• A V P Layout: Rs 890 per sq.ft (2024)
• A V P Road: Rs 890 per sq.ft (2024)
• A V P Road Annuparpalayam: Rs 890 per sq.ft (2024)
• A V P Road Kavitha Lakshmi Nagar: Rs 890 per sq.ft (2024)
• A V P Road Lakshmi Nagar: Rs 890 per sq.ft (2024)
• A V P Road Muthu Gopal Nagar: Rs 890 per sq.ft (2024)

Stamp duty and registration fee for property in Avanasi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,480 per sq.ft, the total guideline value would be Rs 44,80,000. The stamp duty at 7% would amount to Rs 3,13,600, and the registration fee at 2% would be Rs 89,600, bringing the total charges to Rs 4,03,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Avanasi Road?

The Avanasi Road falls under the jurisdiction of 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 the registration process of property transactions in Velampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Avanasi Road?

The current guideline value of Avanasi Road is Rs 4,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 in 2023, and finally to Rs 4,480 in 2024.

What is the land classification of Avanasi Road?

Avanasi Road is classified as Commercial Special Type - I under the Tiruppur Joint II SRO.

Where can I find the Sub Registrar Office for Avanasi Road?

The Sub Registrar Office covering Avanasi Road is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in Velampalayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,480 per sq.ft, the total guideline value would be Rs 44,80,000, leading to a stamp duty of Rs 3,13,600.