Guideline Value for AVINASHI ROAD

Avinashi Road guideline value

The current guideline value of Avinashi Road is Rs 3,920 per sq.ft, effective from 1 July 2024. This road is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Commercial Class I Type - I.

How the guideline value of Avinashi Road has changed

The guideline value for Avinashi Road has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 2,345 per sq.ft. It increased to Rs 3,500 per sq.ft in 2023, marking a significant rise of 49% from the previous figure. The latest revision in 2024 set the value at Rs 3,920 per sq.ft, reflecting a 12% increase from 2023.

Overall, from 2017 to 2024, the guideline value has increased by 67%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value is Rs 1,055 per sq.ft, placing Avinashi Road's 2024 figure above this median.

• Atharsh Garden (Kalappatti): Rs 1,040 per sq.ft (2024)
• Ashok Nagar (Kalappatti): Rs 1,045 per sq.ft (2024)
• Ashok Nagar Extention V: Rs 1,060 per sq.ft (2024)
• Ashok Nagar Extension VI: Rs 1,590 per sq.ft (2024)
• Ayyasamy Nagar (Goldwins): Rs 1,065 per sq.ft (2024)
• Ashok Layout (Civil Aerodrome): Rs 1,065 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 3,920 per sq.ft, the total guideline value amounts to Rs 39,20,000. The stamp duty at 7% would be Rs 2,74,400, and the registration fee at 2% would be Rs 78,400, bringing the total cost for these fees to Rs 3,52,800. It is important to note that the 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 Avinashi Road?

The Sub Registrar Office that covers Avinashi Road is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in KALAPATTY_East. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When purchasing or selling property, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Avinashi Road?

The current guideline value of Avinashi Road is Rs 3,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, and then to Rs 3,920 per sq.ft in 2024. This represents a 67% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in Avinashi Road?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,74,400 and the registration fee would be Rs 78,400, totaling Rs 3,52,800. The duty is charged on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Avinashi Road?

The Gandhipuram Sub Registrar Office covers Avinashi Road, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification for Avinashi Road?

Avinashi Road is classified as Commercial Class I Type - I under the Gandhipuram SRO.