Guideline Value for AVINASHIGOUNDAMPALAYAM

Avinashigoundampalayam guideline value

The current guideline value of Avinashigoundampalayam is Rs 704 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - II.

How the guideline value of Avinashigoundampalayam has changed

The guideline value for Avinashigoundampalayam has seen several revisions over the years. In 2012, the guideline value was Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in 2017. Following this, the value increased significantly to Rs 704 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 134%. Overall, from 2012 to 2024, the guideline value has increased by 56%, reflecting the current rate of Rs 704 per sq.ft.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median value for these streets is Rs 703 per sq.ft, placing Avinashigoundampalayam's current guideline value above this median.

• Avinashi Goundampalayam Aruljothi Nagar: Rs 704 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 per sq.ft (2024)
• A.V.P.J.S Gardens: Rs 705 per sq.ft (2024)
• A.V.P Layout: Rs 700 per sq.ft (2024)
• A.V.P Nagar: Rs 700 per sq.ft (2024)
• A.V.R.Nagar: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashigoundampalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 704 per sq.ft, the total guideline value would be Rs 7,04,000. The stamp duty at 7% would amount to Rs 49,280, and the registration fee at 2% would be Rs 14,080, bringing the total fees to Rs 63,360. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avinashigoundampalayam?

The Sub Registrar Office that covers Avinashigoundampalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is crucial when buying or selling property in Chettipalayam, as it determines the stamp duty and registration fees payable during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, buyers must be aware of the guideline value to avoid any discrepancies in the fees. It is essential to consult the latest guideline values to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Avinashigoundampalayam?

The current guideline value of Avinashigoundampalayam is Rs 704 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 704 per sq.ft in both 2023 and 2024. The overall increase from 2012 to 2024 is 56%.

What are the stamp duty and registration fees for properties in Avinashigoundampalayam?

For a property valued at Rs 7,04,000, the stamp duty would be Rs 49,280, and the registration fee would be Rs 14,080, totaling Rs 63,360. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Avinashigoundampalayam?

The Sub Registrar Office for Avinashigoundampalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602. You can find your SRO online for more details.

What is the land classification of Avinashigoundampalayam?

Avinashigoundampalayam is classified as Residential Class I Type - II, which indicates its suitability for residential development.