Guideline Value for Avarampalayam Street 4 (Gandhi Nagar)

Avarampalayam Street 4 (Gandhi Nagar) guideline value

The current guideline value of Avarampalayam Street 4 (Gandhi Nagar) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village and falls under the Peelamedu SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Avarampalayam Street 4 (Gandhi Nagar) has changed

The guideline value for Avarampalayam Street 4 has seen several revisions over the years. In 2007, the value was Rs 507 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017. The value then rose to Rs 3,500 per sq.ft in 2023, and finally to the current rate of Rs 3,850 per sq.ft in 2024. There are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 10% from 2023 to 2024. The largest increase occurred between 2007 and 2012, with a remarkable rise of 590%. Overall, from 2007 to 2024, the guideline value has increased by 659%.

Guideline values in Sowripalayam

Sowripalayam village has a total of 186 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value for these streets is Rs 2,300 per sq.ft, making Avarampalayam Street 4's current value above this median.

• Avarampalayam Street 3: Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 1 & 2: 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 4 (Gandhi Nagar)

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, calculated at 7%, would be Rs 2,69,500, and the registration fee, at 2%, would be Rs 77,000. Together, these fees total Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Avarampalayam Street 4 (Gandhi Nagar)?

The Avarampalayam Street 4 (Gandhi Nagar) area is covered by 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 Sowripalayam

The guideline value is a crucial factor when registering property transactions in Sowripalayam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the registration reflects a fair value for the transaction.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Avarampalayam Street 4 (Gandhi Nagar)?

The current guideline value of Avarampalayam Street 4 (Gandhi Nagar) 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 from Rs 507 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 659% over the years.

What is the land classification for Avarampalayam Street 4 (Gandhi Nagar)?

The land classification for Avarampalayam Street 4 (Gandhi Nagar) is Residential Special Type - I.

Where can I find the registration office for Avarampalayam Street 4 (Gandhi Nagar)?

The registration office covering Avarampalayam Street 4 (Gandhi Nagar) is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How are stamp duty and registration fees calculated in Sowripalayam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 3,46,500.