Guideline Value for AVINASHI ROAD

Avinashi Road guideline value

The current guideline value of Avinashi Road in Krinshnarayapuram village, under the Peelamedu SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I 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 2012 revision set the value at Rs 6,000 per sq.ft, which then decreased to Rs 4,020 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 6,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 6,600 per sq.ft, marking a 10% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the guideline values from 2012 to 2024, there has been an increase of 10%.

Guideline values in Krinshnarayapuram

Krinshnarayapuram village has 57 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,005 per sq.ft. The guideline value for Avinashi Road is notably above this median.

• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)
• A.R.Subbiah Naidu Street: Rs 1,005 per sq.ft (2024)
• Balasundaram Street: Rs 1,870 per sq.ft (2024)
• Balu Garden: Rs 1,000 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 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avinashi Road?

The Sub Registrar Office that covers Avinashi Road is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions within Krinshnarayapuram. 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 local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction based on the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Avinashi Road?

The current guideline value of Avinashi Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase. It was Rs 4,020 per sq.ft in 2017, which was a 49% increase from the previous value of Rs 6,000 per sq.ft in 2012.

What is the land classification for Avinashi Road?

The land classification for Avinashi Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Avinashi Road is 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2% of the guideline value.

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

The Peelamedu Sub Registrar Office, which covers Avinashi Road, is located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more details online.