Guideline Value for Avarankattur Cross Street

Avarankattur Cross Street guideline value

The current guideline value of Avarankattur Cross Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Kavundapadi village, under the Kavundapadi SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Avarankattur Cross Street has changed

The guideline value for Avarankattur Cross Street has seen several revisions over the years. In the 2007 revision, the value was Rs 26 per sq.ft, which increased significantly to Rs 250 per sq.ft in the 2012 revision, marking an increase of 862%. However, in the 2017 revision, the value decreased to Rs 167 per sq.ft, a reduction of 33%. The value then rose again to Rs 250 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. The overall increase from the 2007 revision to the 2024 revision is 862%, indicating a significant change in the guideline value over the years.

Guideline values in Kavundapadi

In Kavundapadi, there are 137 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft, with a median value of Rs 600 per sq.ft. Avarankattur Cross Street's 2024 guideline value is below this median.

• Avarankattur Harijan Colony: Rs 250 per sq.ft (2024)
• Ayyampalayam Barathi Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Cross Street No/1: Rs 250 per sq.ft (2024)
• Ayyampalayam Harijan Colony: Rs 250 per sq.ft (2024)
• Ayyampalayam Kalaivanar Street: Rs 400 per sq.ft (2024)
• Ayyampalayam Kamarajar Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Avarankattur Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 Avarankattur Cross Street?

The Avarankattur Cross Street is covered by the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavundapadi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that all transactions are fairly assessed and that buyers and sellers are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Avarankattur Cross Street?

The current guideline value of Avarankattur Cross Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 26 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and returned to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Avarankattur Cross Street?

Avarankattur Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Avarankattur Cross Street?

The Kavundapadi Sub Registrar Office handles the registration for Avarankattur Cross Street, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.