Guideline Value for Avarampalayam Street 1 & 2

Avarampalayam Street 1 & 2 guideline value

The current guideline value of Avarampalayam Street 1 & 2 is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village, under the Peelamedu SRO, and is classified as Residential Special Type - I.

How the guideline value of Avarampalayam Street 1 & 2 has changed

Over the years, the guideline value of Avarampalayam Street 1 & 2 has seen significant changes. The earliest revision available is from 2007, where the guideline value was Rs 507 per sq.ft. This increased dramatically to Rs 3,500 per sq.ft in 2012, marking a rise of 590%. However, from 2012 to 2017, the value decreased by 33% to Rs 2,345 per sq.ft. The value then increased by 49% to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no figures for the revisions in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 659%.

Guideline values in Sowripalayam

In Sowripalayam, there are 186 streets under the Peelamedu SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value is Rs 2,300 per sq.ft, making the 2024 figure of Avarampalayam Street 1 & 2 above this median.

• Avarampalayam Street 3: Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 4 (Gandhi Nagar): Rs 3,850 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Ayyal Naidu Street: Rs 2,300 per sq.ft (2024)
• Ashok Street: Rs 2,300 per sq.ft (2024)
• Ayyappa Naidu Street (Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Avarampalayam Street 1 & 2

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avarampalayam Street 1 & 2?

The Sub Registrar Office that covers Avarampalayam Street 1 & 2 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 details.

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

The guideline value is a crucial factor during property registration in Sowripalayam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Avarampalayam Street 1 & 2?

The current guideline value of Avarampalayam Street 1 & 2 is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 507 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 659% over this period.

What are the other streets in Sowripalayam with similar guideline values?

Other streets in Sowripalayam with similar guideline values include Avarampalayam Street 3 and Avarampalayam Street 4 (Gandhi Nagar), both valued at Rs 3,850 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Avarampalayam Street 1 & 2?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for stamp duty and registration fees would be Rs 3,46,500.

Which office handles property registrations for Avarampalayam Street 1 & 2?

The Peelamedu Sub Registrar Office handles property registrations for Avarampalayam Street 1 & 2, located at 6/1, Grd Road, Redfields, Coimbatore - 18.