Guideline Value for Avinashi road

Avinashi road guideline value

The current guideline value of Avinashi road in Irugur village, under the Singanallur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Avinashi road has changed

Over the years, the guideline value of Avinashi road has seen significant changes. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2024, the overall increase in the guideline value is 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO, with guideline values ranging from Rs 220 to Rs 2,200 per sq.ft. The median value for these streets is Rs 440 per sq.ft, placing Avinashi road's 2024 figure above that median.

• AthiDiravidar kudiirupu: Rs 220 per sq.ft (2024)
• Athappa Gounden Pudur Road: Rs 440 per sq.ft (2024)
• Ayya koil thottam: Rs 275 per sq.ft (2024)
• Athapagoundar pudur from Kurumpapalayam road: Rs 275 per sq.ft (2024)
• Ayyanar Kovil Street: Rs 275 per sq.ft (2024)
• Arunthathiar street: Rs 220 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee, charged at 2%, would be Rs 44,000. Together, these fees total Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Avinashi road?

The Sub Registrar Office that covers Avinashi road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Irugur. It is the minimum value set by the government for the registration of properties, ensuring that the transaction is recorded at a fair value. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Understanding the guideline value helps both parties in the transaction to comply with legal requirements and avoid disputes.

Frequently asked questions

What is the current guideline value of Avinashi road?

The current guideline value of Avinashi road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty and registration fees for a property on Avinashi road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Avinashi road?

The Singanallur Sub Registrar Office covers Avinashi road, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

Are there any years without a guideline value for Avinashi road?

Yes, the guideline value register has no figures for the years 2002, 2003, 2007, and 2012 for Avinashi road.