Guideline Value for Athavannan Lane

Athavannan Lane guideline value

The current guideline value of Athavannan Lane is Rs 560 per sq.ft, effective from 1 July 2024. This street is located in Sulur village under the Sulur SRO and is classified as Residential Class I Type - I.

How the guideline value of Athavannan Lane has changed

The guideline value for Athavannan Lane has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 100 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2012 revision, but then dropped to Rs 335 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 500 per sq.ft, and the most recent revision in 2024 set the value at Rs 560 per sq.ft, marking a 12% increase from the previous year.

Over the years, the changes in guideline value have been notable. From 2007 to 2012, there was a remarkable increase of 400%. However, the value decreased by 33% from 2012 to 2017. The overall increase from 2007 to 2024 stands at 460%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO with a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median value for these streets is Rs 784 per sq.ft, which means that the guideline value of Athavannan Lane is below this median.

• Attali Veerappathevar Nagar: Rs 784 per sq.ft (2024)
• Arumugan Street: Rs 784 per sq.ft (2024)
• Ayyavu Thevar Sandhu: Rs 784 per sq.ft (2024)
• Ayyavu Udayar Lane: Rs 560 per sq.ft (2024)
• Arima Nagar: Rs 560 per sq.ft (2024)
• Arasakuravan Sandhu: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Athavannan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty, charged at 7%, would amount to Rs 39,200, while the registration fee at 2% would be Rs 11,200. Together, the total cost for stamp duty and registration fee would be Rs 50,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athavannan Lane?

The Sub Registrar Office that covers Athavannan Lane is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Sulur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. The guideline value is established by the Registration Department and is regularly updated to reflect changes in the real estate market.

When a property is sold, the guideline value is considered for calculating the fees, ensuring that both the buyer and seller are aware of the official value of the property. This helps maintain transparency in property transactions and ensures that the correct fees are paid to the government.

Frequently asked questions

What is the current guideline value of Athavannan Lane?

The current guideline value of Athavannan Lane is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 560 per sq.ft in 2024, reflecting an overall increase of 460% over the years.

What is the stamp duty rate for properties in Athavannan Lane?

The stamp duty rate for properties in Athavannan Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Athavannan Lane located?

The Sub Registrar Office for Athavannan Lane is located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the land classification of Athavannan Lane?

Athavannan Lane is classified as Residential Class I Type - I, indicating its use for residential purposes.