Guideline Value for AVARAMPALAYAM THENNANTHOPE ROAD

Avarampalayam Thennanthope Road guideline value

The current guideline value of Avarampalayam Thennanthope 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 falls under the Residential Class I Type - I land classification.

How the guideline value of Avarampalayam Thennanthope Road has changed

The guideline value for Avarampalayam Thennanthope Road has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,700 per sq.ft. In 2017, this value decreased to Rs 1,139 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 1,700 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Krinshnarayapuram

In Krinshnarayapuram, there are 57 streets under the Peelamedu SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,005 per sq.ft, placing Avarampalayam Thennanthope Road above this median.

• Avarampalayam Main 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 Thennanthope 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, while the registration fee at 2% would be Rs 37,400. Together, the total cost for these fees would be 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Avarampalayam Thennanthope Road?

The Avarampalayam Thennanthope Road is covered by the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial reference point during property registration in Krinshnarayapuram. It helps determine the stamp duty and registration fees applicable to a transaction, ensuring that both buyers and sellers are aware of the financial obligations involved.

When a property is bought or sold, the guideline value is used to calculate the necessary fees, which are mandatory for the legal transfer of ownership. This process ensures transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value of Avarampalayam Thennanthope Road?

The current guideline value of Avarampalayam Thennanthope 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 median guideline value in Krinshnarayapuram?

The median guideline value for streets in Krinshnarayapuram is Rs 1,005 per sq.ft, with Avarampalayam Thennanthope Road being above this median at Rs 1,870 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which office handles property registration for Avarampalayam Thennanthope Road?

The Peelamedu Sub Registrar Office handles property registration for Avarampalayam Thennanthope Road, located at 6/1, Grd Road, Redfields, Coimbatore - 18.