Guideline Value for Avinashi Street (1067/9)

Avinashi Street (1067/9) guideline value

The current guideline value for Avinashi Street (1067/9) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Salangapalayam village and falls under the Kavundapadi SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Avinashi Street (1067/9) has changed

The guideline value for Avinashi Street has seen several revisions over the years. In 2002, the guideline value was Rs 6 per sq.ft. This increased to Rs 7 per sq.ft in 2003, marking a change of +17%. The value then rose significantly to Rs 15 per sq.ft in 2007, which was a +114% increase. By 2012, the guideline value reached Rs 100 per sq.ft, reflecting a substantial increase of +567%. However, it then decreased to Rs 67 per sq.ft in 2017, a decline of -33%. The value remained at Rs 200 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by +3233%. There are no figures available for the revisions in years other than those listed.

Guideline values in Salangapalayam

In Salangapalayam, there are 108 streets under the Kavundapadi SRO with a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, placing Avinashi Street's 2024 figure below this median.

• Ayigoundanur (737/3): Rs 200 per sq.ft (2024)
• Ayigoundanur Street (766/5): Rs 200 per sq.ft (2024)
• Ayyan Valasu (700/2): Rs 226 per sq.ft (2024)
• Ayyan Valasu Colony (703/6,11,13): Rs 200 per sq.ft (2024)
• Bandara kadu (587/1): Rs 200 per sq.ft (2024)
• Bannari Ammal Kovil Street (244/1.2): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Avinashi Street (1067/9)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 details.

Which Sub Registrar Office covers Avinashi Street (1067/9)?

The Sub Registrar Office covering Avinashi Street (1067/9) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Salangapalayam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Avinashi Street (1067/9)?

The current guideline value of Avinashi Street (1067/9) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of +3233% over the years.

What is the land classification for Avinashi Street (1067/9)?

The land classification for Avinashi Street (1067/9) is Residential Class III Type - V.

Where can I find the registration office for Avinashi Street (1067/9)?

The registration office for Avinashi Street is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

What factors determine the stamp duty and registration fees?

Stamp duty and registration fees are determined based on the guideline value or the sale price of the property, whichever is higher. The current rates for stamp duty and registration fees are 7% and 2%, respectively.