Guideline Value for Awvai Street

Awvai Street guideline value

The current guideline value of Awvai Street is Rs 560 per sq.ft, effective from 1 July 2024. This street is located in Punjaipuliampatti village, under the Punchaipuliyampatti SRO, and is classified as Residential Class I Type - III.

How the guideline value of Awvai Street has changed

The guideline value for Awvai Street has undergone several revisions over the years. The earliest recorded figure is from 2007, with a value of Rs 110 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2012, marking a substantial rise of 355%. However, between 2012 and 2017, the value decreased to Rs 335 per sq.ft, a drop of 33%. The guideline value then saw a notable increase to Rs 500 per sq.ft in 2023, followed by a further rise to Rs 560 per sq.ft in the 2024 revision, reflecting a 12% increase.

There are no recorded figures for Awvai Street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 409%.

Guideline values in Punjaipuliampatti

Punjaipuliampatti village has a total of 116 streets under the Punchaipuliyampatti SRO, with the 2024 guideline values ranging from Rs 335 to Rs 1,680 per sq.ft. The median guideline value in the village is Rs 780 per sq.ft, placing Awvai Street's 2024 figure below this median.

• Avinashi Road: Rs 335 per sq.ft (2024)
• Balasubramaniam Street: Rs 1,120 per sq.ft (2024)
• Arijana Colony: Rs 335 per sq.ft (2024)
• Bharathidhasan Street: Rs 780 per sq.ft (2024)
• Bharathi Street: Rs 780 per sq.ft (2024)
• Anna Street: Rs 780 per sq.ft (2024)

Stamp duty and registration fee for property in Awvai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, while the registration fee at 2% would be Rs 11,200, bringing the total fees to Rs 50,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Awvai Street?

The Sub Registrar Office that covers Awvai Street is the Punchaipuliyampatti Sub Registrar Office, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Punjaipuliampatti. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Awvai Street?

The current guideline value of Awvai Street is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 560 per sq.ft in 2024, reflecting an overall increase of 409% over the years.

What are the stamp duty and registration fees for properties in Awvai Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 39,200, and the registration fee would be Rs 11,200, totaling Rs 50,400.

Which Sub Registrar Office handles Awvai Street?

The Punchaipuliyampatti Sub Registrar Office handles Awvai Street, located at Chathiram Road, Bus Stand Back Side, Punjai Puliayampatti-638459, Coimbatore registration zone.

What is the land classification of Awvai Street?

Awvai Street is classified as Residential Class I Type - III, indicating its suitability for residential development.