Guideline Value for Aravindh Nagar

Aravindh Nagar guideline value

The current guideline value of Aravindh Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024. It is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Aravindh Nagar has changed

The guideline value for Aravindh Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the guideline value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,325 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

Kavundampalayam has a total of 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, making Aravindh Nagar's 2024 value above that median.

• Archana Gardens: Rs 1,000 per sq.ft (2024)
• Arijana Colony: Rs 1,020 per sq.ft (2024)
• Apartment Street: Rs 1,000 per sq.ft (2024)
• Anna Street- Gandhi Nagar: Rs 1,020 per sq.ft (2024)
• Annapoorani Nagar: Rs 1,325 per sq.ft (2024)
• Arunachala Avenue: Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Aravindh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, totaling Rs 1,19,250. It is important to note that 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 Aravindh Nagar?

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

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

The guideline value is a critical factor when registering property transactions in Kavundampalayam. It serves as the basis for calculating the stamp duty and registration fees that are required during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a price that reflects the official valuation of the property, thus facilitating a transparent process.

Frequently asked questions

What is the current guideline value of Aravindh Nagar?

The current guideline value of Aravindh Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification of Aravindh Nagar?

Aravindh Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

How does the guideline value compare to other streets in Kavundampalayam?

Aravindh Nagar's guideline value of Rs 1,325 per sq.ft is above the median value of Rs 1,000 per sq.ft for the 565 streets in Kavundampalayam under the Vadavalli SRO.

Where can I find the Sub Registrar Office for Aravindh Nagar?

The Vadavalli Sub Registrar Office, which covers Aravindh Nagar, is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.