Guideline Value for Avanthi Garden

Avanthi Garden guideline value

The current guideline value of Avanthi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Avanthi Garden has changed

Over the years, the guideline value of Avanthi Garden has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 to 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Avanthi Garden's 2024 figure aligns with this median.

• Ayyappa Nagar: Rs 1,100 per sq.ft (2024)
• Arun Nagar Extension: Rs 1,100 per sq.ft (2024)
• Arun Nagar: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Arunachalam Layout: Rs 1,100 per sq.ft (2024)
• Baba Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Avanthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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.

Which Sub Registrar Office covers Avanthi Garden?

The Avanthi Garden area falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadavalli. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted at a standardized value set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Avanthi Garden?

The current guideline value of Avanthi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Avanthi Garden?

Avanthi Garden is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where is the Vadavalli Sub Registrar Office located?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Avanthi Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.