Guideline Value for Avin Nagar PhaseII

Avin Nagar PhaseII guideline value

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

How the guideline value of Avin Nagar PhaseII has changed

The guideline value for Avin Nagar PhaseII has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a guideline value of Rs 700 per sq.ft in 2023, which increased to Rs 780 per sq.ft in 2024, marking an increase of 11%.

Prior to the 2023 revision, the register does not provide any figures for the specified street. The 2024 revision's value of Rs 780 per sq.ft positions it above the median value of Rs 470 per sq.ft for the 240 streets in P. Chettipalayam under the Coimbatore South Joint 1 SRO.

Guideline values in P. Chettipalayam

In P. Chettipalayam, the guideline values for various streets range from Rs 220 to Rs 1,300 per sq.ft as per the 2024 revision. Avin Nagar PhaseII's current guideline value is above the median of Rs 470 per sq.ft.

• Avin Nagar Phase-1: Rs 780 per sq.ft (2024)
• Avin Nagar: 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 PhaseII

For a 1,000 sq.ft plot at the current guideline value of Rs 780 per sq.ft, the total guideline value amounts to Rs 7,80,000. The stamp duty at 7% would be Rs 54,600, and the registration fee at 2% would be Rs 15,600, totaling Rs 70,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avin Nagar PhaseII?

The Sub Registrar Office that covers Avin Nagar PhaseII is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. 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 of property transactions in P. Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the prevailing market conditions. This helps in maintaining transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Avin Nagar PhaseII?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 700 per sq.ft in 2023 to Rs 780 per sq.ft in 2024, which is an 11% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in P. Chettipalayam?

The median guideline value in P. Chettipalayam is Rs 470 per sq.ft. Avin Nagar PhaseII's current value is above this median.

What are the stamp duty and registration fees for Avin Nagar PhaseII?

For a plot of 1,000 sq.ft at the current rate, the total stamp duty and registration fees amount to Rs 70,200. This includes Rs 54,600 for stamp duty and Rs 15,600 for registration fees.

Where can I find the Sub Registrar Office for Avin Nagar PhaseII?

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