Guideline Value for Advaith Avenue

Advaith Avenue guideline value

The current guideline value of Advaith Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village under the Mettupalayam SRO and is classified as Residential Class IV Type - I.

How the guideline value of Advaith Avenue has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure then decreased to Rs 268 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 400 per sq.ft. The most recent revision in 2024 has further raised the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Karamadai

Karamadai village has 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft as of 2024. The median guideline value for the village is Rs 800 per sq.ft, placing Advaith Avenue's 2024 figure below this median.

• Ambedkar Nagar (Ward 4): Rs 340 per sq.ft (2024)
• Ammasai Mudhaliar Lane: Rs 440 per sq.ft (2024)
• Anbu Nagar: Rs 660 per sq.ft (2024)
• Andiappagowder Street: Rs 440 per sq.ft (2024)
• Annai Vellankanni Nagar: Rs 800 per sq.ft (2024)
• Annamalai Mudhaliyar Street (Ward 16): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Advaith Avenue

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Advaith Avenue?

The Sub Registrar Office that covers Advaith Avenue is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Karamadai. It serves as a benchmark for determining the minimum value of the property for the purpose of calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. This value is used to calculate the applicable taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Advaith Avenue?

The current guideline value of Advaith Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the other guideline values in Karamadai?

The guideline values in Karamadai range from Rs 340 to Rs 1,680 per sq.ft, with a median value of Rs 800 per sq.ft. Advaith Avenue's value is below this median.

What are the stamp duty and registration fees for property in Advaith Avenue?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 39,600 based on the current guideline value of Rs 440 per sq.ft.

Which office handles property registrations for Advaith Avenue?

The Mettupalayam Sub Registrar Office handles property registrations for Advaith Avenue, located at 271-Coimbatore Main Road, Near Mettupapalayam Bustand, Mettupalayam-641301, Coimbatore registration zone.