Guideline Value for BIRUNTHA AVENUE

Biruntha Avenue guideline value

The current guideline value of Biruntha Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Mangalam village, under the Tiruppur Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Biruntha Avenue has changed

In the 2017 revision, the guideline value for Biruntha Avenue was Rs 330 per sq.ft. This figure increased to Rs 493 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision shows a further increase to Rs 550 per sq.ft, which is a 12% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangalam

In Mangalam village, there are 89 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 145 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 205 per sq.ft, placing Biruntha Avenue's 2024 figure above this median.

• Best Gardens: Rs 250 per sq.ft (2024)
• Avinasiappa Nagar: Rs 250 per sq.ft (2024)
• A.S.M. Gardan: Rs 260 per sq.ft (2024)
• Ashma Garden: Rs 250 per sq.ft (2024)
• Apples Park: Rs 165 per sq.ft (2024)
• Chinnaputhur: Rs 145 per sq.ft (2024)

Stamp duty and registration fee for property in Biruntha Avenue

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Biruntha Avenue?

The Sub Registrar Office that covers Biruntha Avenue is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Biruntha Avenue?

The current guideline value of Biruntha Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 330 per sq.ft to Rs 550 per sq.ft in 2024, representing an overall increase of 67%.

What is the land classification for Biruntha Avenue?

Biruntha Avenue is classified as Residential Special Type - IV under the land classification system.

Where can I find the Sub Registrar Office for Biruntha Avenue?

The Sub Registrar Office for Biruntha Avenue is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Mangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 5,50,000, the stamp duty would be calculated at 7% of that amount.