Guideline Value for Avinashi Road Lane

Avinashi Road Lane guideline value

The current guideline value of Avinashi Road Lane is Rs 5,600 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO, classified as Commercial Special Type - II.

How the guideline value of Avinashi Road Lane has changed

The guideline value for Avinashi Road Lane has seen several revisions over the years. In 2007, the value was Rs 1,400 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, marking a significant rise of 257%. However, the value then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. Following this, the value rose substantially to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,600 per sq.ft as of the 2024 revision, reflecting an increase of 12% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, placing Avinashi Road Lane's 2024 figure above this median.

• Avinashi Road Main: Rs 5,600 per sq.ft (2024)
• Arunachalam Street Main: Rs 3,450 per sq.ft (2024)
• Arunachalam Road lane: Rs 2,900 per sq.ft (2024)
• Balijavar Lane Lane: Rs 1,450 per sq.ft (2024)
• Balijavar Lane Main: Rs 1,450 per sq.ft (2024)
• A.K.S Nagar: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashi Road Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,600 per sq.ft, the total guideline value would be Rs 56,00,000. The stamp duty at 7% would be Rs 3,92,000, and the registration fee at 2% would be Rs 1,12,000, bringing the total fees to Rs 5,04,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Avinashi Road Lane?

The Sub Registrar Office that covers Avinashi Road Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-7

The guideline value is an essential factor in the registration process when buying or selling property in Ward-7. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the sale price is in line with the official valuation. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Avinashi Road Lane?

The current guideline value of Avinashi Road Lane is Rs 5,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,400 per sq.ft in 2007 to Rs 5,600 per sq.ft in 2024, marking an overall increase of 300%.

What is the land classification for Avinashi Road Lane?

Avinashi Road Lane is classified as Commercial Special Type - II, which influences its guideline value and potential uses.

Where can I find the registration office for Avinashi Road Lane?

The registration office for Avinashi Road Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties on Avinashi Road Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 5,04,000.