Guideline Value for BRINDHAVAN AVENUE

Brindhavan Avenue guideline value

The current guideline value of Brindhavan Avenue, located in Andipalayam village under the Tiruppur Joint I SRO, is Rs 701 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Brindhavan Avenue has changed

The guideline value for Brindhavan Avenue has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 325 per sq.ft. This increased to Rs 218 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 222%, bringing it to Rs 701 per sq.ft, which remained unchanged in the 2024 revision.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 116%.

Guideline values in Andipalayam

In Andipalayam, there are 66 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft. The median value is Rs 701 per sq.ft, which is equal to the guideline value of Brindhavan Avenue.

• Cheran Avenue: Rs 700 per sq.ft (2024)
• Chinnandipalayam: Rs 700 per sq.ft (2024)
• Chinniya Goundenpudur: Rs 700 per sq.ft (2024)
• Chinthamani Nagar: Rs 700 per sq.ft (2024)
• Classic Avenue: Rs 700 per sq.ft (2024)
• C.P.Avenue: Rs 704 per sq.ft (2024)

Stamp duty and registration fee for property in Brindhavan Avenue

For a 1,000 sq.ft plot at the current rate of Rs 701 per sq.ft, the guideline value would be Rs 7,01,000. The stamp duty at 7% would amount to Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total to Rs 63,090. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Brindhavan Avenue?

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

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

The guideline value is a crucial factor in the registration process of property transactions in Andipalayam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Brindhavan Avenue?

The current guideline value of Brindhavan Avenue is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2012 to Rs 701 per sq.ft in 2024, reflecting an overall increase of 116% over this period.

What are the stamp duty and registration fees for properties in Brindhavan Avenue?

For a property valued at Rs 7,01,000, the stamp duty would be Rs 49,070, and the registration fee would be Rs 14,020, totaling Rs 63,090.

Which office handles property registrations for Brindhavan Avenue?

The Tiruppur Joint I Sub Registrar Office handles property registrations for Brindhavan Avenue, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value when registering their properties.