Guideline Value for AVARANGADU

Avarangadu guideline value

The current guideline value of Avarangadu, located in Ward - B under the Tiruppur Joint I SRO, is Rs 840 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification.

How the guideline value of Avarangadu has changed

The guideline value for Avarangadu has seen several revisions over the years. In 2007, the value was Rs 605 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, this value decreased to Rs 502 per sq.ft in 2017. The subsequent revision in 2023 saw a significant increase to Rs 750 per sq.ft, followed by the latest revision in 2024, which set the guideline value at Rs 840 per sq.ft. Notably, the register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. Overall, the guideline value has increased by 39% from 2007 to 2024.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, making Avarangadu's 2024 figure below that median.

• Avinashi Road: Rs 4,480 per sq.ft (2024)
• Balamurugan Colony: Rs 840 per sq.ft (2024)
• Bangalaw Street Extension: Rs 2,015 per sq.ft (2024)
• Bangalaw Street Main Road: Rs 2,575 per sq.ft (2024)
• Bangalaw Street Thenvadal Road: Rs 2,575 per sq.ft (2024)
• Bangalow Street 80 Feet: Rs 2,575 per sq.ft (2024)

Stamp duty and registration fee for property in Avarangadu

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Avarangadu?

The Avarangadu area is covered by the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Ward - B

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - B. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, which is essential for public services and infrastructure development.

Frequently asked questions

What is the current guideline value of Avarangadu?

The current guideline value of Avarangadu is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 750 per sq.ft in 2023 to Rs 840 per sq.ft in 2024. Overall, it has increased by 39% from Rs 605 per sq.ft in 2007 to the current value.

What are the registration fees for property in Avarangadu?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 at 7%, and the registration fee would be Rs 16,800 at 2%. The total fees would amount to Rs 75,600.

Which office handles property registration for Avarangadu?

The Tiruppur Joint I Sub Registrar Office handles property registration for Avarangadu, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the significance of guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration. It ensures that stamp duty and registration fees are calculated accurately, contributing to government revenue from property transactions.