Guideline Value for AVINASIYAPPA LAY OUT

Avinasiyappa Lay Out guideline value

The current guideline value of Avinasiyappa Lay Out is Rs 709 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Avinasiyappa Lay Out has changed

Over the years, the guideline value of Avinasiyappa Lay Out has seen significant changes. In 2012, the guideline value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. However, from 2017 to 2023, there was a substantial increase of 422%, bringing the value to Rs 700 per sq.ft. The latest revision in 2024 has further increased it by 1% to Rs 709 per sq.ft. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 255%. The consistent revisions reflect the changing landscape of property values in the region.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median value is Rs 709 per sq.ft, which is equal to the guideline value of Avinasiyappa Lay Out.

• Athavan Nagar: Rs 713 per sq.ft (2024)
• Ayyavu Nagar: Rs 718 per sq.ft (2024)
• Asiriyar Colony: Rs 709 per sq.ft (2024)
• Arun Nagar: Rs 713 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Aruljothi Nagar: Rs 713 per sq.ft (2024)

Stamp duty and registration fee for property in Avinasiyappa Lay Out

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value amounts to Rs 7,09,000. The stamp duty is calculated at 7%, which totals Rs 49,630, and the registration fee is 2%, amounting to Rs 14,180. Therefore, the total cost for stamp duty and registration fee together is Rs 63,810. 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 Avinasiyappa Lay Out?

The Sub Registrar Office that covers Avinasiyappa Lay Out is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration. Buyers should be aware that the guideline value may influence the overall transaction costs associated with the property.

When a property is sold, the guideline value is considered for the calculation of applicable duties, ensuring that the government receives the correct revenue based on the property's assessed value. Therefore, understanding the guideline value is essential for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Avinasiyappa Lay Out?

The current guideline value of Avinasiyappa Lay Out is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 200 per sq.ft to Rs 709 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

What is the land classification of Avinasiyappa Lay Out?

Avinasiyappa Lay Out is classified as Residential Class IV Type - I.

What is the registration office for Avinasiyappa Lay Out?

The registration office for Avinasiyappa Lay Out is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

How is stamp duty calculated for properties in Avinasiyappa Lay Out?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current rate, the stamp duty would be Rs 49,630.