Guideline Value for Avinashi Road (inside)

Avinashi Road (inside) guideline value

The current guideline value of Avinashi Road (inside) is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO and is classified as Commercial Special Type - I.

How the guideline value of Avinashi Road (inside) has changed

Starting from the 2012 revision, the guideline value was Rs 7,000 per sq.ft. This figure then decreased to Rs 4,690 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 7,000 per sq.ft in the 2023 revision, and further rose to Rs 7,700 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Avinashi Road (inside) is above this median.

• Avinashi Road Main: Rs 7,700 per sq.ft (2024)
• Avarampalayam Road: Rs 3,025 per sq.ft (2024)
• Ashokar Street: Rs 2,200 per sq.ft (2024)
• Aryan Soap Colony: Rs 2,200 per sq.ft (2024)
• Arunthadhiyar Street: Rs 1,320 per sq.ft (2024)
• Bajhanai Kovil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashi Road (inside)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avinashi Road (inside)?

The Sub Registrar Office covering Avinashi Road (inside) is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a critical factor when registering property transactions in Ward 10. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value will influence the costs associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Avinashi Road (inside)?

The current guideline value of Avinashi Road (inside) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 7,000 per sq.ft in 2012, dropping to Rs 4,690 per sq.ft in 2017, then rising to Rs 7,000 per sq.ft in 2023, and finally reaching Rs 7,700 per sq.ft in 2024.

What is the land classification for Avinashi Road (inside)?

Avinashi Road (inside) is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for Avinashi Road (inside)?

The registration office for Avinashi Road (inside) is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How are stamp duty and registration fees calculated for properties in this area?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total costs would include a stamp duty of Rs 5,39,000 and a registration fee of Rs 1,54,000.