Guideline Value for AVS NAVEEN GARDEN

Avs Naveen Garden guideline value

The current guideline value of Avs Naveen Garden is Rs 705 per sq.ft, effective from 1 July 2024. This property is located in Neruperichal village and falls under the Tiruppur Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Avs Naveen Garden has changed

The guideline value for Avs Naveen Garden has seen several revisions over the years. The earliest available revision is from 2012, where the guideline value was set at Rs 300 per sq.ft. This increased to Rs 201 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 705 per sq.ft, representing an increase of 251%. The 2023 revision maintained the same value of Rs 705 per sq.ft, and the 2024 revision also reflects this figure, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 135%.

Guideline values in Neruperichal

Neruperichal village has a total of 171 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 700 to Rs 1,008 per sq.ft. The median guideline value for these streets is Rs 705 per sq.ft, which is equal to the 2024 figure for Avs Naveen Garden.

• A.V.S Naveen Richland: Rs 705 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar: Rs 875 per sq.ft (2024)
• Avs Palanisamy Gounder Subbulakshmi Ammal Nagar Extn: Rs 896 per sq.ft (2024)
• Balaji Garden: Rs 705 per sq.ft (2024)
• Balaji Gardern Extension: Rs 705 per sq.ft (2024)
• Balaji Nagar: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Avs Naveen Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, totaling Rs 63,450. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Avs Naveen Garden?

The Sub Registrar Office that covers Avs Naveen Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Neruperichal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher, making it a significant aspect of property dealings in the area.

Frequently asked questions

What is the current guideline value of Avs Naveen Garden?

The current guideline value of Avs Naveen Garden is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 705 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 135%.

What are the other streets with guideline values in Neruperichal?

Other streets in Neruperichal include A.V.S Naveen Richland, Balaji Garden, Balaji Gardern Extension, and Balaji Nagar, all at Rs 705 per sq.ft, while Avs Palanisamy Gounder Subbulakshmi Ammal Nagar and its extension have higher values.

What is the registration fee for property in Avs Naveen Garden?

The registration fee for property in Avs Naveen Garden is calculated based on the guideline value. For example, for a property valued at Rs 7,05,000, the registration fee would be Rs 14,100.

Where is the Sub Registrar Office for Avs Naveen Garden located?

The Sub Registrar Office for Avs Naveen Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.