Guideline Value for Avinashi Road

Avinashi Road guideline value

The current guideline value of Avinashi Road in Sowripalayam village is Rs 6,600 per sq.ft, effective from 1 July 2024. This area falls under the Peelamedu Sub Registrar Office (SRO) and is classified as Commercial Special Type - I.

How the guideline value of Avinashi Road has changed

The guideline value for Avinashi Road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,363 per sq.ft. This value increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 340%. However, in 2017, the value dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%. Subsequently, the value increased again to Rs 6,000 per sq.ft in 2023, before reaching the current rate of Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

Between the revisions from 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 384%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Sowripalayam

Sowripalayam has a total of 186 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median guideline value for the village is Rs 2,300 per sq.ft, placing Avinashi Road's current value above this median.

• Avarampalayam Street 4 (Gandhi Nagar): Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 3: Rs 3,850 per sq.ft (2024)
• Avarampalayam Street 1 & 2: Rs 3,850 per sq.ft (2024)
• Ayyal Naidu Street: Rs 2,300 per sq.ft (2024)
• Ashok Street: Rs 2,300 per sq.ft (2024)
• Ayyappa Naidu Street (Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Avinashi Road?

The Peelamedu Sub Registrar Office covers Avinashi Road, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sowripalayam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the fees are calculated accurately based on the official rates set by the Registration Department. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Avinashi Road?

The current guideline value of Avinashi Road in Sowripalayam village is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent increase being from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 384%.

What is the land classification for Avinashi Road?

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

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a property valued at Rs 66,00,000 would incur a total fee of Rs 5,94,000.

Where can I find the Sub Registrar Office for Avinashi Road?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more information by visiting the provided link.