Guideline Value for AVVAYAR LANE

Avvayar Lane guideline value

The current guideline value of Avvayar Lane is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ward - C village under the Udumalpettai SRO, and it falls under the Commercial Class I Type - II land classification.

How the guideline value of Avvayar Lane has changed

Looking at the historical revisions, the guideline value for Avvayar Lane has seen notable changes. The 2012 revision set the value at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, before reaching the current value of Rs 1,800 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is an increase of 13%. The value rose by 49% from 2017 to 2023, and from 2023 to 2024, there was a 13% increase.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 2,020 per sq.ft. The median value among these streets is Rs 475 per sq.ft, placing Avvayar Lane's 2024 figure above the median.

• Arulmozhi Lane: Rs 660 per sq.ft (2024)
• Bathrakaliamman Lane: Rs 475 per sq.ft (2024)
• Bazeer Ahamad Colony& Layout: Rs 660 per sq.ft (2024)
• Bhajanai Kovil Lane: Rs 475 per sq.ft (2024)
• Appukutti Lane: Rs 380 per sq.ft (2024)
• Appavu Rowthar Street: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Avvayar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, while the registration fee at 2% would be Rs 36,000. Together, the total cost for these fees would be Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Avvayar Lane?

The Sub Registrar Office that covers Avvayar Lane is the Udumalpettai Sub Registrar Office. The office is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - C

The guideline value is a crucial factor during the registration of property transactions in Ward - C. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating these fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Avvayar Lane?

The current guideline value of Avvayar Lane is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What is the land classification of Avvayar Lane?

Avvayar Lane falls under the Commercial Class I Type - II land classification, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Avvayar Lane?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which Sub Registrar Office covers Avvayar Lane?

The Udumalpettai Sub Registrar Office covers Avvayar Lane, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.