Guideline Value for AVINASHI ROAD

Avinashi Road guideline value

The current guideline value of Avinashi Road is Rs 4,480 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village under the Tiruppur Joint I 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 earliest figure available is from 2007, which was Rs 2,590 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 54%. However, in the following revision in 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then surged to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The current revision in 2024 has set the guideline value at Rs 4,480 per sq.ft, which is an increase of 12% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 73%.

Guideline values in Ward - B

In Ward - B, there are 224 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median guideline value in this area is Rs 1,120 per sq.ft, placing Avinashi Road's value above that median.

• Avarangadu: Rs 840 per sq.ft (2024)
• Balamurugan Colony: Rs 840 per sq.ft (2024)
• Bangalaw Street Extension: Rs 2,015 per sq.ft (2024)
• Bangalaw Street Main Road: Rs 2,575 per sq.ft (2024)
• Bangalaw Street Thenvadal Road: Rs 2,575 per sq.ft (2024)
• Bangalow Street 80 Feet: Rs 2,575 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 4,480 per sq.ft, the total guideline value would be Rs 44,80,000. The stamp duty at 7% would amount to Rs 3,13,600, and the registration fee at 2% would be Rs 89,600, bringing the total to Rs 4,03,200. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. For further assistance, 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 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 - B

The guideline value is a crucial factor when registering property transactions in Ward - B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. It is essential for buyers and sellers to be aware of the current guideline value to accurately calculate these costs during the transaction process.

Frequently asked questions

What is the current guideline value of Avinashi Road?

The current guideline value of Avinashi Road 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 significantly from Rs 2,590 per sq.ft in 2007 to Rs 4,480 per sq.ft in 2024, reflecting an overall increase of 73% over this period.

What is the land classification for Avinashi Road?

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

What are the stamp duty and registration fees for properties on Avinashi Road?

For a property valued at Rs 44,80,000, the stamp duty would be Rs 3,13,600 and the registration fee would be Rs 89,600, totaling Rs 4,03,200.

Which office handles property registrations for Avinashi Road?

The Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone, handles property registrations for Avinashi Road.