Guideline Value for Avinashi Road Main

Avinashi Road Main guideline value

The current guideline value of Avinashi Road Main is Rs 7,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-1 village under the Coimbatore North Joint 1 SRO and is classified as Commercial Special Type - I.

How the guideline value of Avinashi Road Main has changed

In the 2007 revision, the guideline value was Rs 3,230 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in the 2012 revision, marking a rise of 117%. However, in the 2017 revision, the value dropped to Rs 4,690 per sq.ft, reflecting a decrease of 33%. The value then saw a substantial increase to Rs 7,000 per sq.ft in 2023, followed by another rise to Rs 7,900 per sq.ft in the 2024 revision, which is a 13% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 145%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ward-1

In Ward-1, there are 97 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 7,900 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, placing Avinashi Road Main's 2024 figure above this median.

• A.T.T Colony II: Rs 4,400 per sq.ft (2024)
• A.T.T Colony I: Rs 4,400 per sq.ft (2024)
• A.T Devarajalu Road: Rs 4,400 per sq.ft (2024)
• Bajanai Kovil Lane: Rs 1,700 per sq.ft (2024)
• Arts College Road Lane: Rs 4,900 per sq.ft (2024)
• Arts College Road: Rs 7,900 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashi Road Main

For a 1,000 sq.ft plot at the current guideline value of Rs 7,900 per sq.ft, the total guideline value would be Rs 79,00,000. The stamp duty at 7% would amount to Rs 5,53,000, and the registration fee at 2% would be Rs 1,58,000, bringing the total fees to Rs 7,11,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Avinashi Road Main?

The Sub Registrar Office covering Avinashi Road Main 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-1

The guideline value is a crucial factor during the registration of property transactions in Ward-1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair transaction price, as it reflects the official valuation of the property based on its location and classification. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Avinashi Road Main?

The current guideline value of Avinashi Road Main is Rs 7,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,230 per sq.ft in 2007 to Rs 7,900 per sq.ft in 2024, representing an overall increase of 145%.

What is the land classification for Avinashi Road Main?

Avinashi Road Main is classified as Commercial Special Type - I under the Coimbatore North Joint 1 SRO.

What are the stamp duty and registration fees for property in Avinashi Road Main?

For a property valued at Rs 79,00,000, the stamp duty would be Rs 5,53,000 and the registration fee would be Rs 1,58,000, totaling Rs 7,11,000.

Which office handles registrations for properties on Avinashi Road Main?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for properties on Avinashi Road Main, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.