Guideline Value for Aviayar Street (84)

Aviayar Street (84) guideline value

The current guideline value of Aviayar Street (84) is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Lakkampatti village under the Gobichettipalayam Joint I SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Aviayar Street (84) has changed

The guideline value of Aviayar Street (84) has undergone several revisions over the years. In the 2002 revision, the value was set at Rs 30 per sq.ft. This increased to Rs 34 per sq.ft in 2003, marking a 13% rise. The value further increased to Rs 45 per sq.ft in 2007, reflecting a 32% change. The 2012 revision saw a significant jump to Rs 250 per sq.ft, which was a 456% increase. However, in 2017, the value dropped to Rs 167 per sq.ft, a decrease of 33%. The guideline value remained at Rs 250 per sq.ft in 2023 and continues at the same rate in 2024, showing no change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 733%. There are no figures available for the revisions in the years between 2003 and 2007, and 2017 and 2023 for this street.

Guideline values in Lakkampatti

Within Lakkampatti village, there are 128 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Aviayar Street (84) below this median.

• Ashok Nagar: Rs 300 per sq.ft (2024)
• Arunachalam Nagar(134,2,6,8): Rs 250 per sq.ft (2024)
• Arunachalagounder Street: Rs 300 per sq.ft (2024)
• Baharathi Nagar Extension: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Arulappar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Aviayar Street (84)

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, charged at 7%, would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 Aviayar Street (84)?

The Gobichettipalayam Joint I Sub Registrar Office covers Aviayar Street (84). The office is located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Lakkampatti. It serves as a benchmark for determining the minimum value at which properties can be registered. This ensures that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to consider the guideline value as it influences the stamp duty and registration fees. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is registered at an appropriate value.

Frequently asked questions

What is the current guideline value of Aviayar Street (84)?

The current guideline value of Aviayar Street (84) 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 30 per sq.ft in 2002 to Rs 250 per sq.ft in 2024, with various increases and decreases in between. Notably, it saw a significant drop from Rs 250 in 2012 to Rs 167 in 2017.

What is the median guideline value for streets in Lakkampatti?

The median guideline value for the 128 streets in Lakkampatti is Rs 275 per sq.ft. Aviayar Street (84) is below this median at Rs 250 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value, and both fees are added together for the total cost of registration.

Where is the Sub Registrar Office for Aviayar Street (84)?

The Sub Registrar Office covering Aviayar Street (84) is located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.