Guideline Value for AVARAMPALAYAM MAIN ROAD

Avarampalayam Main Road guideline value

The current guideline value of Avarampalayam Main Road is Rs 1,870 per sq.ft, effective from 1 July 2024. This road is located in Krinshnarayapuram village under the Peelamedu SRO and is classified as Residential Class I Type - I.

How the guideline value of Avarampalayam Main Road has changed

The guideline value for Avarampalayam Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 1,700 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 1,139 per sq.ft. Following that, the value increased significantly to Rs 1,700 per sq.ft in 2023, before rising again to Rs 1,870 per sq.ft in 2024.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Krinshnarayapuram

Krinshnarayapuram has a range of guideline values across its 57 streets under the Peelamedu SRO, with values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value in the village is Rs 1,005 per sq.ft, placing Avarampalayam Main Road's 2024 value above this median.

• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)
• A.R.Subbiah Naidu Street: Rs 1,005 per sq.ft (2024)
• Balasundaram Street: Rs 1,870 per sq.ft (2024)
• Balu Garden: Rs 1,000 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 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your exact stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avarampalayam Main Road?

The Sub Registrar Office that covers Avarampalayam Main Road is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Krinshnarayapuram. It is used to determine the stamp duty and registration fees that must be paid when transferring property ownership. Buyers and sellers should be aware that the guideline value can influence the overall cost of purchasing or selling real estate in the area.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for buyers to be informed about the current guideline value to ensure they are prepared for the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Avarampalayam Main Road?

The current guideline value of Avarampalayam Main Road is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification for Avarampalayam Main Road?

Avarampalayam Main Road is classified as Residential Class I Type - I.

Where can I find the Peelamedu Sub Registrar Office?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18, Coimbatore registration zone.

How is the stamp duty calculated for properties in Avarampalayam Main Road?

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 1,870 per sq.ft, the stamp duty would be Rs 1,30,900.