Guideline Value for CLASSIC AVENUE

Classic Avenue guideline value

The current guideline value of Classic Avenue in Andipalayam village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - II.

How the guideline value of Classic Avenue has changed

In the 2012 revision, the guideline value was Rs 275 per sq.ft. This figure increased to Rs 184 per sq.ft in the 2017 revision, showing a decrease of 33%. However, from 2017 to 2023, there was a significant rise of 280%, bringing the value to Rs 700 per sq.ft. The 2023 revision also maintained this value, with no change noted when moving to the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for Classic Avenue. Overall, from 2012 to 2024, the guideline value has increased by 155%.

Guideline values in Andipalayam

In Andipalayam, there are 66 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,045 per sq.ft. The median value for these streets is Rs 701 per sq.ft, making Classic Avenue's 2024 figure below this median.

• Chinthamani Nagar: Rs 700 per sq.ft (2024)
• Chinniya Goundenpudur: Rs 700 per sq.ft (2024)
• C.P.Avenue: Rs 704 per sq.ft (2024)
• C.P.Avenue Extn: Rs 704 per sq.ft (2024)
• Chinnandipalayam: Rs 700 per sq.ft (2024)
• Devar Garden: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Classic Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It's important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Classic Avenue?

The Sub Registrar Office that covers Classic 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 Andipalayam

The guideline value is a crucial factor in property transactions in Andipalayam. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable duties and fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which ensures that the transaction is recorded at a fair value.

Frequently asked questions

What is the current guideline value of Classic Avenue?

The current guideline value of Classic Avenue is Rs 700 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 700 per sq.ft in 2024, with notable increases in the years 2017 and 2023.

What is the land classification for Classic Avenue?

Classic Avenue is classified as Residential Class I Type - II under the Tiruppur Joint I SRO.

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

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

How is the stamp duty calculated for properties in Classic Avenue?

Stamp duty for properties in Classic Avenue is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 7,00,000, resulting in a stamp duty of Rs 49,000.