Guideline Value for AVINASHI ROAD

Avinashi Road guideline value

The current guideline value of Avinashi Road in Ward - C village is Rs 4,480 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Commercial Special Type - I.

How the guideline value of Avinashi Road has changed

The guideline value of Avinashi Road has experienced several revisions over the years. The earliest recorded figure is from 2007, which was Rs 2,995 per sq.ft. In 2012, this value rose to Rs 4,000 per sq.ft, but then decreased to Rs 2,680 per sq.ft in 2017. Following that, the value increased significantly to Rs 4,000 per sq.ft in 2023, and most recently, it has been revised to Rs 4,480 per sq.ft in 2024. The changes between these revisions are notable; the value increased by 34% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a substantial rise of 49% from 2017 to 2023, followed by a 12% increase from 2023 to 2024.

The register has no figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 50%.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Avinashi Road's 2024 figure above this median.

• Avinashi Road 60 Feet (North Side): Rs 4,480 per sq.ft (2024)
• Avinashi Road (Bazaar Street): Rs 4,480 per sq.ft (2024)
• A.V.P Layout: Rs 1,120 per sq.ft (2024)
• A.V.P LAYOUT 1ST to 7th STREET: Rs 1,120 per sq.ft (2024)
• A.S.Nagar: Rs 1,120 per sq.ft (2024)
• A.S Kandasamy Layout Main Road: 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 4,480 per sq.ft, the total guideline value amounts to Rs 44,80,000. The stamp duty at 7% would be Rs 3,13,600, and the registration fee at 2% would be Rs 89,600, together totaling Rs 4,03,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avinashi Road?

The Avinashi Road is covered by 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 - C

The guideline value plays a crucial role during the registration of property transactions in Ward - C. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring that the transaction is recorded at a fair value according to government regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used for calculating the applicable duties. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

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 from Rs 2,995 per sq.ft in 2007 to Rs 4,480 per sq.ft in 2024, with notable increases and decreases in between, including a rise of 49% from 2017 to 2023.

What is the land classification for Avinashi Road?

Avinashi Road is classified as Commercial Special Type - I under the guideline value register.

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

The Sub Registrar Office covering Avinashi Road is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is stamp duty calculated for properties on Avinashi Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 44,80,000 would incur a stamp duty of Rs 3,13,600 at 7%.