Guideline Value for Avarankodi thoppu (77/3)

Avarankodi thoppu (77/3) guideline value

The current guideline value of Avarankodi thoppu (77/3) is Rs 385 per sq.ft, effective from 1 July 2024. This property is located in Ottarpalayam village, under the jurisdiction of the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Avarankodi thoppu (77/3) has changed

The guideline value for Avarankodi thoppu (77/3) has seen several revisions over the years. In 2007, the value was Rs 30 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012. However, this value decreased to Rs 234 per sq.ft in 2017. The 2023 revision raised the value to Rs 350 per sq.ft, and the most recent revision in 2024 set the value at Rs 385 per sq.ft. The register has no figure for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 1067%. However, it decreased by 33% from 2012 to 2017. The value then rose by 50% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 1183%.

Guideline values in Ottarpalayam

In Ottarpalayam village, there are 92 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft, with a median value of Rs 495 per sq.ft. Avarankodi thoppu (77/3) is below this median.

• Arunthathiyar Street: Rs 255 per sq.ft (2024)
• Arunagirinathar Street (122): Rs 495 per sq.ft (2024)
• Balagi nagar (19/1H): Rs 495 per sq.ft (2024)
• Arul Murugan Nagar (382): Rs 825 per sq.ft (2024)
• Bharathipuram extension (129/1B): Rs 495 per sq.ft (2024)
• Bharathi street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Avarankodi thoppu (77/3)

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. Please 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 Avarankodi thoppu (77/3)?

Avarankodi thoppu (77/3) falls under the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ottarpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of Avarankodi thoppu (77/3)?

The current guideline value of Avarankodi thoppu (77/3) is Rs 385 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 30 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, reflecting an overall increase of 1183% over this period.

What is the stamp duty rate for properties in Avarankodi thoppu (77/3)?

The stamp duty rate for properties in Avarankodi thoppu (77/3) is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Avarankodi thoppu (77/3)?

The Sub Registrar Office covering Avarankodi thoppu (77/3) is the Singanallur SRO, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification of Avarankodi thoppu (77/3)?

Avarankodi thoppu (77/3) is classified as Residential Class II Type - I, indicating its suitability for residential development.