Guideline Value for A.I.T.U.C COLONY 1ST STREET

A.I.T.U.C Colony 1st Street guideline value

The current guideline value of A.I.T.U.C Colony 1st Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ward - F village under the Tiruppur Joint II SRO, and the land classification is Residential Special Type - II.

How the guideline value of A.I.T.U.C Colony 1st Street has changed

The guideline value for A.I.T.U.C Colony 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 245 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 227% rise. However, it dropped to Rs 536 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose sharply to Rs 800 per sq.ft in 2023, before reaching the current figure of Rs 880 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 259%. It is important to note that there are no recorded figures for A.I.T.U.C Colony 1st Street in the years 2002 and 2003.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 2,200 per sq.ft. The median value for these streets is Rs 706 per sq.ft, placing A.I.T.U.C Colony 1st Street above this median.

• A.I.T.U.C Colony 2nd Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 3rd Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 4th Street: Rs 880 per sq.ft (2024)
• A K Nagar: Rs 705 per sq.ft (2024)
• Ambuli Nagar: Rs 705 per sq.ft (2024)
• Anaikadu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in A.I.T.U.C Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, charged at 7%, would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers A.I.T.U.C Colony 1st Street?

The A.I.T.U.C Colony 1st Street falls under the jurisdiction of the Tiruppur Joint II 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 details.

How the guideline value is used when you buy or sell in Ward - F

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - F. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

Understanding the guideline value is essential for both buyers and sellers as it ensures compliance with local regulations and helps in accurately assessing the financial obligations involved in property transactions.

Frequently asked questions

What is the current guideline value of A.I.T.U.C Colony 1st Street?

The current guideline value of A.I.T.U.C Colony 1st Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 245 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 259% over the years.

What are the stamp duty and registration fees for property in A.I.T.U.C Colony 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty is Rs 61,600 and the registration fee is Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers A.I.T.U.C Colony 1st Street?

The Tiruppur Joint II Sub Registrar Office covers A.I.T.U.C Colony 1st Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for A.I.T.U.C Colony 1st Street?

The land classification for A.I.T.U.C Colony 1st Street is Residential Special Type - II.