Guideline Value for AVM NAGAR

Avm Nagar guideline value

The current guideline value of Avm Nagar, located in Muthanampalayam village under the Tiruppur Joint I SRO, is Rs 711 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Avm Nagar has changed

According to the guideline value register, the revision history for Avm Nagar shows that in 2017, the guideline value was Rs 268 per sq.ft. This figure increased significantly to Rs 711 per sq.ft in the 2023 revision and remained unchanged in the 2024 revision, resulting in an overall increase of 165% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012.

From the 2023 revision to the 2024 revision, the guideline value per sq.ft did not change, reflecting a 0% increase. The substantial rise of 165% from 2017 to 2023 indicates a notable shift in the guideline value during that period.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Avm Nagar is above this median.

• Ashok Nagar: Rs 700 per sq.ft (2024)
• Arun Garden: Rs 700 per sq.ft (2024)
• Balaji Nagar 2: Rs 705 per sq.ft (2024)
• Balaji Nagar Extn: Rs 705 per sq.ft (2024)
• Arul Nagar: Rs 705 per sq.ft (2024)
• Aruljothinagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Avm Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 711 per sq.ft, the total guideline value amounts to Rs 7,11,000. The stamp duty at 7% would be Rs 49,770, and the registration fee at 2% would be Rs 14,220, bringing the total cost for these fees to Rs 63,990. It is important to note that the 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 Avm Nagar?

The Sub Registrar Office that covers Avm 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 further assistance.

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

The guideline value is a critical factor in the registration process for property transactions in Muthanampalayam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction price. Buyers and sellers should be aware that the registration fees are based on this value, ensuring transparency in the property transaction process.

Frequently asked questions

What is the current guideline value of Avm Nagar?

The current guideline value of Avm Nagar is Rs 711 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 165%, rising from Rs 268 per sq.ft to Rs 711 per sq.ft by 2024.

What are the stamp duty rates for property in Avm Nagar?

The stamp duty for property in Avm Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Avm Nagar?

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

What is the land classification for Avm Nagar?

The land classification for Avm Nagar is Residential Special Type - I, indicating its designated use for residential purposes.