Guideline Value for AVINASHI ROAD

Avinashi Road guideline value

The current guideline value of Avinashi Road is Rs 5,600 per sq.ft, effective from 1 July 2024. This street is located in Villankuruchicorpration village, under the Ganapathy SRO, and is classified as Commercial Special Type - I.

How the guideline value of Avinashi Road has changed

Over the years, the guideline value of Avinashi Road has seen several revisions. The 2007 revision set the value at Rs 4,000 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The value rose significantly to Rs 5,000 per sq.ft in 2023 and is now set at Rs 5,600 per sq.ft in the 2024 revision. There are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, from 2007 to 2012, the value decreased by 33%. It then increased by 49% from 2017 to 2023 and by 12% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 40%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median value is Rs 1,003 per sq.ft, making Avinashi Road's 2024 figure significantly above this median.

• Atharsh Gardens: Rs 1,002 per sq.ft (2024)
• A.S.Nagar Lakshmi Gardens: Rs 1,002 per sq.ft (2024)
• A.S Nagar: Rs 1,004 per sq.ft (2024)
• Balaguru Garden Extn: Rs 1,670 per sq.ft (2024)
• Balagurugardens: Rs 1,670 per sq.ft (2024)
• Balaranganathapuram: Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,600 per sq.ft, the total guideline value amounts to Rs 56,00,000. The stamp duty, charged at 7%, would be Rs 3,92,000, and the registration fee at 2% would be Rs 1,12,000, bringing the total fees to Rs 5,04,000. 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 further calculations.

Which Sub Registrar Office covers Avinashi Road?

The Sub Registrar Office that covers Avinashi Road is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Villankuruchicorpration. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Avinashi Road?

The current guideline value of Avinashi Road is Rs 5,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2007 to Rs 5,600 per sq.ft in 2024, with various increases and one decrease in between. The most significant increase occurred between 2017 and 2023, with a rise of 49%.

What is the land classification for Avinashi Road?

Avinashi Road is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Avinashi Road?

The Ganapathy Sub Registrar Office covers Avinashi Road and is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for properties on Avinashi Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 56,00,000, the stamp duty would be Rs 3,92,000 at a rate of 7%.