Guideline Value for AVINASIAPPA NAGAR

Avinasiappa Nagar guideline value

The current guideline value of Avinasiappa Nagar, located in Mangalam village under the Tiruppur Joint I SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Avinasiappa Nagar has changed

The guideline value for Avinasiappa Nagar has seen several revisions over the years. The earliest registered figure is from 2012, where the value was Rs 130 per sq.ft. This increased to Rs 151 per sq.ft in 2017, marking a change of 16%. The value then rose significantly to Rs 226 per sq.ft in 2023, reflecting a 50% increase. The most recent revision in 2024 sets the value at Rs 250 per sq.ft, which is an 11% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 92%.

Guideline values in Mangalam

In Mangalam village, there are 89 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 145 to Rs 550 per sq.ft. The median value is Rs 205 per sq.ft, placing Avinasiappa Nagar's 2024 figure above this median.

• A.S.M. Gardan: Rs 260 per sq.ft (2024)
• Ashma Garden: Rs 250 per sq.ft (2024)
• Best Gardens: Rs 250 per sq.ft (2024)
• Apples Park: Rs 165 per sq.ft (2024)
• Biruntha Avenue: Rs 550 per sq.ft (2024)
• Amirtha Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Avinasiappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that 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 details.

Which Sub Registrar Office covers Avinasiappa Nagar?

The Sub Registrar Office that covers Avinasiappa Nagar 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 Mangalam

The guideline value is a crucial factor in the registration of property transactions in Mangalam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is officially recorded.

It is essential for buyers and sellers to be aware of the guideline value, as it reflects the government's assessment of property worth in the area. This value is used to calculate the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Avinasiappa Nagar?

The current guideline value of Avinasiappa Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2012 to Rs 250 per sq.ft in 2024, representing an overall increase of 92% over this period.

What is the registration office for Avinasiappa Nagar?

The registration office for Avinasiappa Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the stamp duty rates applicable in Avinasiappa Nagar?

The stamp duty rate applicable in Avinasiappa Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find more information on stamp duty and registration fees?

For more information on stamp duty and registration fees, you can use the stamp duty and registration fee calculator.