Guideline Value for Avanashi Road (283/8)

Avanashi Road (283/8) guideline value

The current guideline value for Avanashi Road (283/8) is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Annur village under the Annur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Avanashi Road (283/8) has changed

The guideline value for Avanashi Road (283/8) has undergone several revisions over the years. In 2007, the value was Rs 164 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, in 2017, the value decreased to Rs 670 per sq.ft. The most recent revisions show that the value remained at Rs 1,000 per sq.ft in both 2023 and 2024.

From the 2017 revision to the 2023 revision, there was an increase of 49%. The guideline value then remained unchanged from 2023 to 2024, showing a 0% change. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 510%.

Guideline values in Annur

In Annur, there are 225 streets under the Annur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Avanashi Road (283/8) is above this median.

• Avanashi Road (283/7): Rs 1,000 per sq.ft (2024)
• Avanashi Road (283/9): Rs 1,000 per sq.ft (2024)
• Avanashi Road (283/6): Rs 1,000 per sq.ft (2024)
• Avanashi Road 2 nd lane (283/2): Rs 1,000 per sq.ft (2024)
• Avanashi Road (283/5): Rs 1,000 per sq.ft (2024)
• Avanashi Road (302/2): Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Avanashi Road (283/8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 information.

Which Sub Registrar Office covers Avanashi Road (283/8)?

The Sub Registrar Office that covers Avanashi Road (283/8) is the Annur Sub Registrar Office, located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653. You can find your SRO for additional details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Annur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Avanashi Road (283/8)?

The current guideline value of Avanashi Road (283/8) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 164 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreasing to Rs 670 per sq.ft in 2017. It remained at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification of Avanashi Road (283/8)?

Avanashi Road (283/8) is classified as Commercial Class I Type - I according to the registration records.

What are the stamp duty and registration fees for property on Avanashi Road (283/8)?

The stamp duty for a property valued at Rs 10,00,000 is Rs 70,000, and the registration fee is Rs 20,000, totaling Rs 90,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Avanashi Road (283/8)?

The Sub Registrar Office for Avanashi Road (283/8) is located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653.