Guideline Value for Avin Nagar

Avin Nagar guideline value

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

How the guideline value of Avin Nagar has changed

The guideline value for Avin Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 780 per sq.ft, an increase from Rs 700 per sq.ft in the 2023 revision, marking an 11% rise. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Looking back, the 2023 revision was the last recorded figure before the current one. The changes from 2023 to 2024 reflect a significant adjustment, but no previous figures are available to compare further back in time.

Guideline values in P. Chettipalayam

P. Chettipalayam village has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The median guideline value in this area is Rs 470 per sq.ft, placing Avin Nagar's 2024 figure above this median.

• Avin Nagar Phase-1: 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

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, bringing the total cost to Rs 70,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avin Nagar?

The Sub Registrar Office that covers Avin Nagar 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 when registering property transactions in P. Chettipalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. Buyers and sellers must be aware of this value, as it impacts the overall costs associated with the registration process.

Frequently asked questions

What is the current guideline value of Avin Nagar?

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

How has the guideline value changed recently?

From the 2023 revision of Rs 700 per sq.ft, the guideline value increased by 11% to Rs 780 per sq.ft in 2024.

What is the land classification of Avin Nagar?

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

Where is the Sub Registrar Office for Avin Nagar located?

The Sub Registrar Office covering Avin Nagar is located at No.410a, Raja Street, Coimbatore-641001.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees that must be paid during a transaction.