Guideline Value for Avarankattur Harijan Colony

Avarankattur Harijan Colony guideline value

The current guideline value of Avarankattur Harijan Colony is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kavundapadi village, under the Kavundapadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Avarankattur Harijan Colony has changed

Over the years, the guideline value of Avarankattur Harijan Colony has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 26 per sq.ft. This rose significantly to Rs 250 per sq.ft in 2012, marking an increase of 862%. However, from 2012 to 2017, the value decreased to Rs 167 per sq.ft, a drop of 33%. In 2017, it increased to Rs 250 per sq.ft again, and this figure remained unchanged in 2023. The latest revision in 2024 has also set the guideline value at Rs 250 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002 and 2003.

Guideline values in Kavundapadi

Kavundapadi village has a total of 137 streets under the Kavundapadi SRO, with guideline values for 2024 ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, placing Avarankattur Harijan Colony's value below this median. Below are the guideline values for other streets in Kavundapadi:

• Avarankattur Cross Street: 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 Harijan Colony

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, making the total cost for these fees 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avarankattur Harijan Colony?

The Avarankattur Harijan Colony 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 further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Kavundapadi, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Avarankattur Harijan Colony?

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

How has the guideline value changed over the years?

The guideline value has experienced various changes, starting from Rs 26 per sq.ft in 2007, rising to Rs 250 per sq.ft in 2012, then decreasing to Rs 167 per sq.ft in 2017, and returning to Rs 250 per sq.ft in 2024.

What is the median guideline value in Kavundapadi?

The median guideline value in Kavundapadi is Rs 600 per sq.ft, which is higher than the current value of Avarankattur Harijan Colony.

What fees are associated with property transactions in Avarankattur Harijan Colony?

When transacting property in Avarankattur Harijan Colony, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Avarankattur Harijan Colony located?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.