Guideline Value for Avaiyar street (548/2)

Avaiyar street (548/2) guideline value

The current guideline value of Avaiyar street (548/2) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in P.Mettupalayam village, under the Kavundapadi SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Avaiyar street (548/2) has changed

The guideline value of Avaiyar street (548/2) has seen several revisions over the years. In 2002, the guideline value was Rs 22 per sq.ft, which increased to Rs 25 per sq.ft in 2003, marking a change of +14%. The value continued to rise, reaching Rs 46 per sq.ft in 2007 (+84%), followed by Rs 100 per sq.ft in 2012 (+117%). However, it decreased to Rs 67 per sq.ft in 2017, reflecting a decline of -33%. The value then remained at Rs 200 per sq.ft in both 2023 and 2024, showing no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by +809%. The significant rise from Rs 67 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 represents an increase of +199% over six years.

Guideline values in P.Mettupalayam

In P.Mettupalayam, there are 65 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the 2024 figure for Avaiyar street (548/2).

• Ayyampalayam Road(507/1): Rs 200 per sq.ft (2024)
• Anna Street (439/2): Rs 200 per sq.ft (2024)
• Bharathiyar Street (548/2): Rs 200 per sq.ft (2024)
• Andipalayam Main Road (55/1): Rs 200 per sq.ft (2024)
• Boomandigoundanur (420/1,2,421/1,2,3, 425/6,7,8): Rs 200 per sq.ft (2024)
• Boomandigoundanur Main Road (434/2,3,4,443/1): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Avaiyar street (548/2)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Avaiyar street (548/2)?

The Sub Registrar Office that covers Avaiyar street (548/2) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P.Mettupalayam

The guideline value is a crucial factor in the registration process when buying or selling property in P.Mettupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Avaiyar street (548/2)?

The current guideline value of Avaiyar street (548/2) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 22 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, marking an overall increase of +809% over the years.

What is the land classification for Avaiyar street (548/2)?

The land classification for Avaiyar street (548/2) is Residential Class III Type - V.

Where is the Kavundapadi Sub Registrar Office located?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

How are stamp duty and registration fees calculated for properties in P.Mettupalayam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would amount to Rs 18,000.