Guideline Value for AVARAMPALAYAM MAIN ROAD

Avarampalayam Main Road guideline value

The current guideline value of Avarampalayam Main Road is Rs 2,240 per sq.ft, effective from 1 July 2024. This road is located in Ganapathy village, under the Ganapathy SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Avarampalayam Main Road has changed

The guideline value for Avarampalayam Main Road has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this figure dropped to Rs 1,340 per sq.ft in 2017, marking a decrease of 33%. The value then rose sharply to Rs 2,000 per sq.ft in 2023, and further increased to the current value of Rs 2,240 per sq.ft in 2024, reflecting a 12% rise.

From 2007 to 2024, the overall increase in the guideline value is 220%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that have a guideline value for 2024, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, and Avarampalayam Main Road's 2024 figure of Rs 2,240 per sq.ft is above this median.

• Athipalayam Road: Rs 2,240 per sq.ft (2024)
• Athanur Ammankovil Street: Rs 1,400 per sq.ft (2024)
• A.Ssubramaniam Nagar.: Rs 1,400 per sq.ft (2024)
• Ashok Nagar.M.K.P.Colony 1.2.3 Cross: Rs 1,120 per sq.ft (2024)
• Ashok Nagar: Rs 1,010 per sq.ft (2024)
• Arunthathi Colony,Kamarajar Puram: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Avarampalayam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,240 per sq.ft, the total guideline value would be Rs 22,40,000. The stamp duty at 7% would amount to Rs 1,56,800, while the registration fee at 2% would be Rs 44,800, bringing the total to Rs 2,01,600. 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 more information.

Which Sub Registrar Office covers Avarampalayam Main Road?

The Sub Registrar Office that covers Avarampalayam Main Road is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ganapathy

The guideline value is a crucial factor in property transactions in Ganapathy. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Avarampalayam Main Road?

The current guideline value of Avarampalayam Main Road is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, showing an overall increase of 220% over the years.

What is the land classification for Avarampalayam Main Road?

Avarampalayam Main Road is classified as Commercial Class I Type - II.

What are the stamp duty and registration fees for a property in Avarampalayam Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 2,01,600.

Where can I find the Sub Registrar Office for Avarampalayam Main Road?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.