Guideline Value

Corporate

Guideline Value for AVINASHI ROAD (BAZAAR STREET)

₹4480/sq.ft.

The guideline value for Avinashi Road (bazaar Street) in Ward - C village (Tiruppur Joint I SRO, Coimbatore zone) is Rs 4480 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 12% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward - C

Village

Tiruppur Joint I

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4480 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2995 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960088
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Avinashi Road (bazaar Street)

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Avinashi Road (Bazaar Street) guideline value

The current guideline value for Avinashi Road (Bazaar Street) is Rs 4,480 per sq.ft, effective from 1 July 2024. This street is located in Ward - C village under the Tiruppur Joint I SRO and is classified as Commercial Special Type - I.

How the guideline value of Avinashi Road (Bazaar Street) has changed

Over the years, the guideline value for Avinashi Road (Bazaar Street) has seen several revisions. The 2007 revision set the value at Rs 2,995 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision. However, this figure dropped to Rs 2,680 per sq.ft in the 2017 revision. Subsequently, the value rose significantly to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,480 per sq.ft in 2024.

In terms of percentage changes, the value increased by 34% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then surged by 49% from 2017 to 2023. The most recent revision from 2023 to 2024 reflects a 12% increase. Overall, from 2007 to 2024, the guideline value has increased by 50%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Avinashi Road (Bazaar Street) above this median.

Stamp duty and registration fee for property in Avinashi Road (Bazaar Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,480 per sq.ft, the total guideline value would be Rs 44,80,000. The stamp duty at 7% would amount to Rs 3,13,600, and the registration fee at 2% would be Rs 89,600, totaling Rs 4,03,200. It is important to note that 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 details.

Which Sub Registrar Office covers Avinashi Road (Bazaar Street)?

The Sub Registrar Office that covers Avinashi Road (Bazaar Street) is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - C

The guideline value plays a crucial role during property transactions in Ward - C. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Avinashi Road (Bazaar Street)?

The current guideline value of Avinashi Road (Bazaar Street) is Rs 4,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase being from Rs 4,000 per sq.ft in 2023 to Rs 4,480 per sq.ft in 2024. Overall, the value has increased by 50% from Rs 2,995 per sq.ft in 2007 to the current rate.

What is the land classification for Avinashi Road (Bazaar Street)?

Avinashi Road (Bazaar Street) is classified as Commercial Special Type - I, which indicates its suitability for commercial purposes.

Where is the Sub Registrar Office for Avinashi Road (Bazaar Street)?

The Sub Registrar Office for Avinashi Road (Bazaar Street) is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties on Avinashi Road (Bazaar Street)?

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 the current guideline value, the total stamp duty would be Rs 3,13,600.