Guideline Value for Advani Nagar

Advani Nagar guideline value

The current guideline value of Advani Nagar is Rs 1,020 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class V Type - I.

How the guideline value of Advani Nagar has changed

The guideline value for Advani Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in the 2017 revision, reflecting a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking a significant increase of 199%. The most recent revision in 2024 set the guideline value at Rs 1,020 per sq.ft, which is a 2% increase from the previous year.

It is important to note that there are no figures available for Advani Nagar in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, and Advani Nagar's 2024 figure is above this median.

• Adhithya Avenue EXTENSION: Rs 1,325 per sq.ft (2024)
• Adhithya Avenue: Rs 1,325 per sq.ft (2024)
• Aiswariam Gardens: Rs 1,015 per sq.ft (2024)
• Aiswaryam Garden Extention: Rs 1,015 per sq.ft (2024)
• Abirami Nagar: Rs 1,325 per sq.ft (2024)
• Abbas Garden Extension: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Advani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, resulting in a total of Rs 91,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Advani Nagar?

The Sub Registrar Office that covers Advani Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavundampalayam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for legal property transactions.

When a property is sold, the guideline value ensures that the government receives the appropriate taxes based on the property's assessed value, thus maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Advani Nagar?

The current guideline value of Advani Nagar is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced significant changes, moving from Rs 500 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, which is an overall increase of 104%.

What is the stamp duty for property in Advani Nagar?

The stamp duty for property in Advani Nagar is calculated at 7% of the guideline value. For a property valued at Rs 10,20,000, the stamp duty would amount to Rs 71,400.

Which office handles registrations for Advani Nagar?

The Vadavalli Sub Registrar Office handles registrations for Advani Nagar, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, with Advani Nagar's current value being above this median.