Guideline Value for AVINASHI ROAD

Avinashi Road guideline value

The current guideline value of Avinashi Road, located in Ward - K village under the Tiruppur Joint I SRO, is Rs 4,480 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial 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 2007 revision set the value at Rs 2,995 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, in 2017, the value decreased to Rs 2,680 per sq.ft. The 2023 revision brought it back up to Rs 4,000 per sq.ft, and the most recent 2024 revision has set it at Rs 4,480 per sq.ft.

In terms of percentage changes, the value increased by 34% from 2007 to 2012, then decreased by 33% from 2012 to 2017. There was a significant increase of 49% from 2017 to 2023, followed by a 12% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 50%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO carrying a 2024 guideline value ranging from Rs 780 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 2024 figure above that 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)
• Asath Street 20 Feet: Rs 3,360 per sq.ft (2024)
• Asath 2nd Street: Rs 3,360 per sq.ft (2024)
• Asath 1st Street North: Rs 3,360 per sq.ft (2024)
• Asath 1st Street: Rs 3,360 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, bringing the total fees to Rs 4,03,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our 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 I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ward - K

The guideline value is an essential factor in the registration process when buying or selling property in Ward - K. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 several revisions in between, including a decrease in 2017.

What is the stamp duty for property on Avinashi Road?

The stamp duty for property on Avinashi Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Avinashi Road located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for Avinashi Road?

The land classification for Avinashi Road is Commercial Special Type - I, which influences its guideline value.