Guideline Value for AVINASHINAGAR

Avinashinagar guideline value

The current guideline value of Avinashinagar, located in Thottipalayam village under the Thottipalayam SRO, is Rs 703 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Avinashinagar has changed

The guideline value for Avinashinagar has seen several revisions over the years. The 2012 revision set the value at Rs 605 per sq.ft, which changed to Rs 405 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, a rise of 73%. The latest revision in 2024 has set the value at Rs 703 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 16%.

Guideline values in Thottipalayam

In Thottipalayam, there are 99 streets under the Thottipalayam SRO with a 2024 guideline value ranging from Rs 700 to Rs 2,800 per sq.ft. The median value for these streets is Rs 806 per sq.ft, making the guideline value of Avinashinagar below this median.

• Ayyappa Nagar: Rs 1,110 per sq.ft (2024)
• A.S.A Avenue: Rs 703 per sq.ft (2024)
• Bharathi Nagar: Rs 806 per sq.ft (2024)
• Aninashi Nagar Extension: Rs 703 per sq.ft (2024)
• Angeripalayam East (Near By Nallaru South): Rs 702 per sq.ft (2024)
• Angeripalayam East: Rs 702 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashinagar

For a 1,000 sq.ft plot at the current guideline value of Rs 703 per sq.ft, the total guideline value amounts to Rs 7,03,000. The stamp duty at 7% would be Rs 49,210, and the registration fee at 2% would be Rs 14,060, leading to a combined total of Rs 63,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avinashinagar?

The Sub Registrar Office that covers Avinashinagar is the Thottipalayam Sub Registrar Office, located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Thottipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should be aware that the fees are charged based on the higher of the guideline value or the actual sale price of the property, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Avinashinagar?

The current guideline value of Avinashinagar is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 605 per sq.ft in 2012 to Rs 405 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 703 per sq.ft in 2024.

What is the classification of land in Avinashinagar?

Avinashinagar is classified as Residential Class III Type - I according to the local regulations.

What are the stamp duty and registration fees in Avinashinagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 63,270.

Where can I find the Sub Registrar Office for Avinashinagar?

The Sub Registrar Office for Avinashinagar is located at 1/529, Nerupperichchal Village Pooluvapatti Postal Tirupur -641602, Coimbatore registration zone.