Guideline Value

Corporate

Guideline Value for AVINASHI ROAD (BAZAAR STREET)

₹4480/sq.ft.

The guideline value for Avinashi Road (bazaar Street) in Ward - K 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 - K

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

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

Over the years, the guideline value of Avinashi Road (Bazaar Street) has seen several revisions. The earliest recorded revision was in 2007, with a guideline value of Rs 2,995 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, followed by a decrease to Rs 2,680 per sq.ft in 2017. The guideline value then rose significantly to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,480 per sq.ft. The register has no figures for the years 2002 and 2003.

From the 2017 revision to 2023, there was a notable increase of 49%. The value then rose by 12% from 2023 to 2024. Overall, the guideline value has increased by 50% from 2007 to 2024, demonstrating a significant upward trend in this period.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft. The median guideline value in this ward 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 amounts to Rs 44,80,000. The stamp duty at 7% would be Rs 3,13,600, while the registration fee at 2% would be Rs 89,600, making the total charges Rs 4,03,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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

The Avinashi Road (Bazaar Street) falls under 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 - K

The guideline value plays a crucial role during the registration of property transactions in Ward - K. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers and sellers should ensure that the sale price is at least equal to or greater than the guideline value to avoid any legal complications during registration.

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 from Rs 2,995 per sq.ft in 2007 to Rs 4,480 per sq.ft in 2024, reflecting a 50% increase over the years.

What are the other streets in Ward - K with their guideline values?

Other streets in Ward - K include Avinashi Road 60 Feet (North Side) and several Asath streets, with values ranging from Rs 3,360 to Rs 4,480 per sq.ft.

What is the registration fee for property in Avinashi Road (Bazaar Street)?

The registration fee for property in Avinashi Road (Bazaar Street) is calculated at 2% of the guideline value, which for a 1,000 sq.ft plot would be Rs 89,600.

Which office handles the registration for Avinashi Road (Bazaar Street)?

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