Guideline Value for AVINASHI GOUNDAMPALAYAM ARULJOTHI NAGAR

Avinashi Goundampalayam Aruljothi Nagar guideline value

The current guideline value of Avinashi Goundampalayam Aruljothi Nagar is Rs 704 per sq.ft, effective from 1 July 2024. This area is located in Chettipalayam village and falls under the Tiruppur Joint I SRO. The land classification for this region is Residential Class I Type - II.

How the guideline value of Avinashi Goundampalayam Aruljothi Nagar has changed

The guideline value for Avinashi Goundampalayam Aruljothi Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 450 per sq.ft. This increased to Rs 301 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 704 per sq.ft, reflecting an increase of 134%. The latest revision in 2024 maintains this value at Rs 704 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 56%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a guideline value for 2024 ranging from Rs 700 to Rs 1,000 per sq.ft, with a median value of Rs 703 per sq.ft. The guideline value for Avinashi Goundampalayam Aruljothi Nagar is above this median.

• Avinashigoundampalayam: Rs 704 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 per sq.ft (2024)
• A.V.P.J.S Gardens: Rs 705 per sq.ft (2024)
• A.V.P Layout: Rs 700 per sq.ft (2024)
• A.V.P Nagar: Rs 700 per sq.ft (2024)
• A.V.R.Nagar: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashi Goundampalayam Aruljothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 704 per sq.ft, the total guideline value would be Rs 7,04,000. The stamp duty at 7% would amount to Rs 49,280, and the registration fee at 2% would be Rs 14,080, bringing the total to Rs 63,360. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avinashi Goundampalayam Aruljothi Nagar?

The Avinashi Goundampalayam Aruljothi Nagar 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 information.

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

The guideline value is a crucial component when registering property transactions in Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, both the buyer and seller must consider the guideline value as it influences the overall cost of the transaction. The registration process requires that the sale price or the guideline value—whichever is higher—be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Avinashi Goundampalayam Aruljothi Nagar?

The current guideline value of Avinashi Goundampalayam Aruljothi Nagar is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 704 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Avinashi Goundampalayam Aruljothi Nagar?

The land classification for Avinashi Goundampalayam Aruljothi Nagar is Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 63,360.

Which office handles property registrations in Avinashi Goundampalayam Aruljothi Nagar?

The Tiruppur Joint I Sub Registrar Office handles property registrations in Avinashi Goundampalayam Aruljothi Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.