Guideline Value for Adavan Avenue

Adavan Avenue guideline value

The current guideline value of Adavan Avenue is Rs 400 per sq.ft. This street is located in Sarkarsamakulam village, under the Periyanayakkan Palayam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Adavan Avenue has changed

The guideline value of Adavan Avenue has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value increased to Rs 400 per sq.ft again, representing a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 400 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Sarkarsamakulam

Currently, there are no specific guideline values provided for other streets in Sarkarsamakulam. Adavan Avenue is the only street mentioned under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in Adavan Avenue

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. 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 more details.

Which Sub Registrar Office covers Adavan Avenue?

The Sub Registrar Office that covers Adavan Avenue is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sarkarsamakulam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adavan Avenue?

The current guideline value of Adavan Avenue is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Adavan Avenue was Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in 2023.

What is the land classification for Adavan Avenue?

Adavan Avenue is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

Where is the Sub Registrar Office for Adavan Avenue located?

The Sub Registrar Office for Adavan Avenue is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, in the Coimbatore registration zone.

How is stamp duty calculated for property in Adavan Avenue?

Stamp duty for property in Adavan Avenue is calculated based on the higher value between the guideline value and the sale price. For example, on a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 36,000 based on the current guideline value.