Guideline Value for AVINASHI ROAD

Avinashi Road guideline value

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

How the guideline value of Avinashi Road has changed

The guideline value for Avinashi Road has seen significant changes over the years. In the 2017 revision, the value was Rs 2,345 per sq.ft. This increased to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 3,920 per sq.ft, reflecting a 12% increase from the previous year.

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

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, placing Avinashi Road's current value above this median.

• Atharsh Garden (Kalappatti): Rs 1,045 per sq.ft (2024)
• Ashok Nagar (Kalappatti): Rs 1,050 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)
• Arum Lily: Rs 1,265 per sq.ft (2024)
• Balaji Nagar (Kalappatti): 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 would amount 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 duty is charged on the guideline value or the sale price, whichever is higher. You can also use our 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_west

The guideline value plays a crucial role in the registration process when buying or selling property in Kalapatty_west. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

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?

Since 2017, the guideline value has increased significantly, from Rs 2,345 per sq.ft in 2017 to Rs 3,920 per sq.ft in 2024, reflecting an overall increase of 67%.

What is the land classification for Avinashi Road?

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

Where is the Gandhipuram Sub Registrar Office located?

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

How is stamp duty calculated for properties in Avinashi Road?

Stamp duty for properties in Avinashi Road is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total stamp duty of Rs 2,74,400 at the current guideline value.