Guideline Value for AVVAIYAR STREET

Avvaiyar Street guideline value

The current guideline value of Avvaiyar Street in Kinathukadavu village, under the Kinathukkadavu SRO, is Rs 750 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Avvaiyar Street has changed

Looking at the revisions, the guideline value for Avvaiyar Street was Rs 750 per sq.ft in 2023 and remains the same in the 2024 revision. Prior to that, in 2017, the value was Rs 502 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 750 per sq.ft, indicating a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 750 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kinathukadavu

In Kinathukadavu, there are 44 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Avvaiyar Street's 2024 figure above that median.

• Barathiar Street: Rs 200 per sq.ft (2024)
• Arisana Colony: Rs 200 per sq.ft (2024)
• Anna Street: Rs 750 per sq.ft (2024)
• Anna Nagar: Rs 750 per sq.ft (2024)
• Andigoundenpudur: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Avvaiyar Street?

The Sub Registrar Office that covers Avvaiyar Street is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kinathukadavu. It determines the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers should be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

Frequently asked questions

What is the current guideline value of Avvaiyar Street?

The current guideline value of Avvaiyar Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with Rs 750 per sq.ft in 2023 and 2024, Rs 502 per sq.ft in 2017, and Rs 750 per sq.ft in 2012. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification of Avvaiyar Street?

Avvaiyar Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Kinathukkadavu Sub Registrar Office?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is stamp duty calculated for properties in Avvaiyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 7,50,000, the stamp duty at 7% would be Rs 52,500.