Guideline Value for Avarampalayam Road

Avarampalayam Road guideline value

The current guideline value of Avarampalayam Road is Rs 3,025 per sq.ft, effective from 1 July 2024. This road is located in Ward 10 village under the Peelamedu SRO, classified as Residential Class I Type - I.

How the guideline value of Avarampalayam Road has changed

The guideline value of Avarampalayam Road has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft. This increased dramatically to Rs 2,750 per sq.ft in the 2012 revision, followed by a decrease to Rs 1,842 per sq.ft in 2017. The 2023 revision marked a return to Rs 2,750 per sq.ft, which then rose by 10% to the current value of Rs 3,025 per sq.ft in 2024.

From 2007 to 2024, the overall increase in the guideline value is 332%. Notably, the value jumped 293% from 2007 to 2012, then decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The register has no figures for the years 2002 and 2003 regarding this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median of Rs 2,200 per sq.ft. Avarampalayam Road's 2024 guideline value is above this median.

• Avinashi Road (inside): Rs 7,700 per sq.ft (2024)
• Avinashi Road Main: Rs 7,700 per sq.ft (2024)
• Ashokar Street: Rs 2,200 per sq.ft (2024)
• Aryan Soap Colony: Rs 2,200 per sq.ft (2024)
• Arunthadhiyar Street: Rs 1,320 per sq.ft (2024)
• Arunachalam Colony: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Avarampalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,025 per sq.ft, the total guideline value amounts to Rs 30,25,000. The stamp duty at 7% would be Rs 2,11,750, and the registration fee at 2% would be Rs 60,500, leading to a total cost of Rs 2,72,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avarampalayam Road?

The Sub Registrar Office covering Avarampalayam Road is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, 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 Ward 10

The guideline value is a critical factor during the registration of property transactions in Ward 10. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable by the buyer.

When buying or selling property, it is essential to be aware of the guideline value, as it serves as a reference point for both parties involved in the transaction. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Avarampalayam Road?

The current guideline value of Avarampalayam Road is Rs 3,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,025 per sq.ft in 2024, reflecting an overall increase of 332% over this period.

What are the stamp duty and registration fees for Avarampalayam Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost amounts to Rs 2,72,250.

Which office handles registrations for Avarampalayam Road?

The Peelamedu Sub Registrar Office handles registrations for Avarampalayam Road, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Avarampalayam Road?

Avarampalayam Road is classified as Residential Class I Type - I, which influences its guideline value and usage.