Guideline Value for Avinashi Road Main

Avinashi Road Main guideline value

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

How the guideline value of Avinashi Road Main has changed

Over the years, the guideline value of Avinashi Road Main has seen several revisions. The 2007 revision recorded a value of Rs 3,708 per sq.ft, which increased to Rs 7,000 per sq.ft in 2012, marking an increase of 89%. However, in the subsequent 2017 revision, the value dropped to Rs 4,690 per sq.ft, a decrease of 33%. The value then rose significantly to Rs 7,000 per sq.ft in 2023, before reaching the current rate of Rs 7,700 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 108%. The register has no figures for the years 2002 and 2003 for this street.

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. The median value for this area is Rs 2,200 per sq.ft, indicating that Avinashi Road Main's value is above this median.

• Avinashi Road (inside): 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 Main

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avinashi Road Main?

The Avinashi Road Main is covered by the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. 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 an essential factor when registering property transactions in Ward 10. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Avinashi Road Main?

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

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 3,708 per sq.ft in 2007, rising to Rs 7,700 per sq.ft in 2024. Significant changes include a drop to Rs 4,690 per sq.ft in 2017 and a rise to Rs 7,000 per sq.ft in 2023.

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

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Avinashi Road Main?

The Peelamedu Sub Registrar Office handles property registrations for Avinashi Road Main, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification of Avinashi Road Main?

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