Guideline Value for CHURCH STREET (AVINASHI ROAD)

Church Street (Avinashi Road) guideline value

The current guideline value of Church Street (Avinashi Road) is Rs 3,920 per sq.ft, effective from 1 July 2024. This street falls under Ward - K village and is classified as Commercial Class I Type - I by the Tiruppur Joint I SRO.

How the guideline value of Church Street (Avinashi Road) has changed

The guideline value for Church Street (Avinashi Road) has seen several revisions over the years. In 2007, the value was Rs 2,190 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft. The subsequent revisions show an increase, with the value rising to Rs 3,500 per sq.ft in 2023 and then reaching Rs 3,920 per sq.ft in 2024, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 79%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 780 to Rs 4,480 per sq.ft, with a median value of Rs 1,120 per sq.ft. Church Street (Avinashi Road) is above this median.

• Chinnan Nagar North: Rs 840 per sq.ft (2024)
• Chinnan Nagar East: Rs 840 per sq.ft (2024)
• Chinnan Nagar 1 - 6 Street: Rs 840 per sq.ft (2024)
• Chinnan Nagar: Rs 840 per sq.ft (2024)
• Chakkilliar Street: Rs 780 per sq.ft (2024)
• Duraisamypuram 1 St Street: Rs 2,575 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street (Avinashi Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 39,20,000, the stamp duty at 7% would be Rs 2,74,400, and the registration fee at 2% would be Rs 78,400, totaling Rs 3,52,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Street (Avinashi Road)?

The Sub Registrar Office that covers Church Street (Avinashi Road) is 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 Ward - K

The guideline value is a critical component when registering property transactions in Ward - K. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Church Street (Avinashi Road)?

The current guideline value of Church Street (Avinashi Road) is Rs 3,920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,190 per sq.ft in 2007 to Rs 3,920 per sq.ft in 2024, marking an overall increase of 79% over this period.

What is the registration office for Church Street (Avinashi Road)?

The registration office for Church Street (Avinashi Road) is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What are the stamp duty and registration fees for properties on this street?

For a property valued at the current guideline value of Rs 39,20,000, the stamp duty would be Rs 2,74,400 and the registration fee would be Rs 78,400, totaling Rs 3,52,800.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is recorded at a fair value for legal and taxation purposes.