Guideline Value for Avin Nagar Phase-1

Avin Nagar Phase-1 guideline value

The current guideline value of Avin Nagar Phase-1 is Rs 780 per sq.ft, effective from 1 July 2024. This area is located in P. Chettipalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Avin Nagar Phase-1 has changed

The guideline value for Avin Nagar Phase-1 has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 700 per sq.ft, which increased to Rs 780 per sq.ft in the 2024 revision, marking an increase of 11%.

Prior to the 2023 revision, there are no figures available for this street in the register for the years mentioned. The current value of Rs 780 per sq.ft is the most recent and reflects the latest changes in the guideline value.

Guideline values in P. Chettipalayam

In P. Chettipalayam, there are 240 streets under the Coimbatore South Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 220 to Rs 1,300 per sq.ft. The median value for these streets is Rs 470 per sq.ft, placing Avin Nagar Phase-1's guideline value above this median.

• Avin Nagar: Rs 780 per sq.ft (2024)
• Avin Nagar PhaseII: Rs 780 per sq.ft (2024)
• Ayi Gounder Nagar L.O: Rs 780 per sq.ft (2024)
• Ayyan Thottam: Rs 220 per sq.ft (2024)
• Ayyan Thottam Gandhi Nagar: Rs 220 per sq.ft (2024)
• Ayyasamy Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Avin Nagar Phase-1

For a 1,000 sq.ft plot at the current rate of Rs 780 per sq.ft, the guideline value would be Rs 7,80,000. The stamp duty at 7% would amount to Rs 54,600, and the registration fee at 2% would be Rs 15,600, totaling Rs 70,200. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avin Nagar Phase-1?

The Sub Registrar Office that covers Avin Nagar Phase-1 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P. Chettipalayam

The guideline value is a crucial factor in the registration process when buying or selling property in P. Chettipalayam. It serves as a benchmark for calculating the stamp duty and registration fees that are payable at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the authorities. This value aids in standardizing property transactions in the area.

Frequently asked questions

What is the current guideline value of Avin Nagar Phase-1?

The current guideline value of Avin Nagar Phase-1 is Rs 780 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2023 revision, the guideline value increased from Rs 700 per sq.ft to Rs 780 per sq.ft in the 2024 revision, representing an 11% increase.

What is the land classification for Avin Nagar Phase-1?

Avin Nagar Phase-1 is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Avin Nagar Phase-1?

The Sub Registrar Office for Avin Nagar Phase-1 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How is the stamp duty calculated for properties in Avin Nagar Phase-1?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,80,000, the stamp duty would be Rs 54,600.