Guideline Value for AVINASI SALAI

Avinasi Salai guideline value

The current guideline value of Avinasi Salai in Naranapuram village, under the Palladam SRO, is Rs 445 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Avinasi Salai has changed

Over the years, the guideline value of Avinasi Salai has seen several revisions. The 2012 revision set the value at Rs 450 per sq.ft, which was then reduced to Rs 301 per sq.ft in the 2017 revision, marking a decrease of 33%. The value increased significantly by 50% to Rs 450 per sq.ft in the 2023 revision, before dropping slightly to Rs 445 per sq.ft in the 2024 revision, a change of -1%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has decreased by 1%.

Guideline values in Naranapuram

Naranapuram village has a total of 64 streets under the Palladam SRO, with the 2024 guideline values ranging from Rs 301 to Rs 1,060 per sq.ft. The median guideline value is Rs 445 per sq.ft, which is the same as the current value for Avinasi Salai.

• Arumuthampalayam Road: Rs 445 per sq.ft (2024)
• Arulanatha Swamykovil Street: Rs 445 per sq.ft (2024)
• Arijana Colony-2: Rs 301 per sq.ft (2024)
• Arijana Colony-1: Rs 301 per sq.ft (2024)
• Arijanacolony: Rs 445 per sq.ft (2024)
• Barpar Street: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Avinasi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 445 per sq.ft, the total guideline value amounts to Rs 4,45,000. The stamp duty at 7% would be Rs 31,150, and the registration fee at 2% would be Rs 8,900, bringing the total fees to Rs 40,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avinasi Salai?

The Sub Registrar Office that covers Avinasi Salai is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Naranapuram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Avinasi Salai?

The current guideline value of Avinasi Salai is Rs 445 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 450 per sq.ft in 2023, and finally decreased to Rs 445 per sq.ft in 2024.

What is the land classification for Avinasi Salai?

The land classification for Avinasi Salai is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Avinasi Salai?

The Sub Registrar Office for Avinasi Salai is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How is stamp duty calculated for property in Avinasi Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 4,45,000, the stamp duty would be Rs 31,150 at 7%.