Guideline Value

Corporate

Guideline Value for CLASSIC AVENUE PHASE - I

₹305/sq.ft.

The guideline value for Classic Avenue Phase - I in Mangalam village (Tiruppur Joint I SRO, Coimbatore zone) is Rs 305 per sq.ft, effective 1 July 2024. It was Rs 275 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Mangalam

Village

Tiruppur Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹305 /sq.ft.
From 1-4-2023 ₹275 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹184 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹275 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960088
[email protected]

DRO (District Registrar Office)

1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.
0421-2960044
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Classic Avenue Phase - I

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Classic Avenue Phase - I guideline value

The current guideline value of Classic Avenue Phase - I is Rs 305 per sq.ft, effective from 1 July 2024. This property is located in Mangalam village under the Tiruppur Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Classic Avenue Phase - I has changed

The guideline value for Classic Avenue Phase - I has undergone several revisions over the years. The earliest recorded revision available is from 2012, where the guideline value was Rs 275 per sq.ft. This value remained unchanged until the 2017 revision, which saw a decrease to Rs 184 per sq.ft. However, from 2017 to 2023, there was a significant increase to Rs 275 per sq.ft, followed by the most recent revision in 2024, which raised the value to Rs 305 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes were notable. From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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, with a median value of Rs 205 per sq.ft. Classic Avenue Phase - I's 2024 guideline value of Rs 305 per sq.ft is above this median.

Stamp duty and registration fee for property in Classic Avenue Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 305 per sq.ft, the total guideline value amounts to Rs 3,05,000. The stamp duty at 7% would be Rs 21,350, and the registration fee at 2% would be Rs 6,100, making the total charges Rs 27,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Classic Avenue Phase - I?

The Sub Registrar Office that covers Classic Avenue Phase - I 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 Mangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Mangalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the costs associated with property transactions. It is advisable to consult the latest guideline values before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Classic Avenue Phase - I?

The current guideline value of Classic Avenue Phase - I is Rs 305 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2012 to Rs 184 per sq.ft in 2017, then increased to Rs 275 per sq.ft in 2023, and finally to Rs 305 per sq.ft in 2024.

What is the land classification for Classic Avenue Phase - I?

Classic Avenue Phase - I is classified as Residential Special Type - I under the Tiruppur Joint I SRO.

What are the guideline values of other streets in Mangalam?

Other streets in Mangalam have varying guideline values, with Classic Avenue Phase 2 at Rs 500 per sq.ft, Chinnaputhur at Rs 145 per sq.ft, and Deivathai Garden at Rs 260 per sq.ft, among others.

Where can I find the Sub Registrar Office for Classic Avenue Phase - I?

The Sub Registrar Office for Classic Avenue Phase - I is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.