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 - i village under the Tiruppur Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Avinashi Road has changed

Over the years, the guideline value for Avinashi Road has seen several revisions. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent 2024 revision has raised it further to Rs 4,480 per sq.ft, marking a 12% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 12%. The significant changes include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in WARD - i

In WARD - i, there are 108 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Avinashi Road's 2024 figure above that median.

• A.V.P Layout: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 1st STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 2nd STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 3rd STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 4th STREET: Rs 1,100 per sq.ft (2024)
• A.V.P LAYOUT 5th STREET: Rs 1,100 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 cost for these fees to Rs 4,03,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Avinashi Road?

The Sub Registrar Office that covers Avinashi Road is the Tiruppur Joint II 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 - i

The guideline value is a crucial factor during the registration of property transactions in WARD - i. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,480 per sq.ft in 2024.

What is the land classification of Avinashi Road?

Avinashi Road is classified as Mixed Special Type - I under the land classification system.

Where can I find the registration office for Avinashi Road?

The registration office for Avinashi Road is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties on Avinashi Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty and registration fee of Rs 4,03,200.