Guideline Value for AVENU ROAD (1134,1135,1142,1144,1147)

Avenu Road (1134,1135,1142,1144,1147) guideline value

The current guideline value for Avenu Road (1134,1135,1142,1144,1147) is Rs 200 per sq.ft, effective from 1 July 2024. This road is located in Kotagiri -1 village under the Kothagiri SRO, classified as Residential Class II Type - I.

How the guideline value of Avenu Road (1134,1135,1142,1144,1147) has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure increased by 49% to Rs 200 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The 2024 guideline value of Rs 200 per sq.ft is consistent with the previous year's figure, indicating stability in this period.

Guideline values in Kotagiri -1

In Kotagiri -1, there are 79 streets under the Kothagiri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 825 per sq.ft, with a median value of Rs 300 per sq.ft. Avenu Road's 2024 figure is below this median.

• Araiyatty (465,466,464,473): Rs 300 per sq.ft (2024)
• Barthi Nagar (823,838): Rs 200 per sq.ft (2024)
• Bazzar Mariamman Kovil (1032,1033,1034): Rs 715 per sq.ft (2024)
• Benthatty (726,727,728,729,730): Rs 300 per sq.ft (2024)
• Annodai, Kamaraj Nagar (154,155,156,157,158,159,160): Rs 200 per sq.ft (2024)
• Ambathkar Nagar (886,887): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Avenu Road (1134,1135,1142,1144,1147)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avenu Road (1134,1135,1142,1144,1147)?

The Avenu Road (1134,1135,1142,1144,1147) is covered by the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kotagiri -1

The guideline value is a crucial factor during the registration of property transactions. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When buying or selling property in Kotagiri -1, both the buyer and seller must be aware of the guideline value to ensure compliance with local regulations. This value serves as a benchmark for assessing the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Avenu Road (1134,1135,1142,1144,1147)?

The current guideline value for Avenu Road (1134,1135,1142,1144,1147) is Rs 200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, rising from Rs 134 per sq.ft to Rs 200 per sq.ft in the 2024 revision.

What is the median guideline value in Kotagiri -1?

The median guideline value in Kotagiri -1 is Rs 300 per sq.ft, with Avenu Road's current value being below this median.

What are the stamp duty rates applicable in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Kothagiri Sub Registrar Office?

The Kothagiri Sub Registrar Office is located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find more details online.