Guideline Value for A.I.T.U.C COLONY 2ND STREET

A.I.T.U.C Colony 2nd Street guideline value

The current guideline value of A.I.T.U.C Colony 2nd 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 it falls under the land classification of Residential Special Type - II.

How the guideline value of A.I.T.U.C Colony 2nd Street has changed

The guideline value for A.I.T.U.C Colony 2nd Street has seen several revisions over the years. In 2007, the guideline value was Rs 245 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 227%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then rose to Rs 800 per sq.ft in 2023, reflecting a 49% increase, before reaching the current figure of Rs 880 per sq.ft in 2024, a 10% increase.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 259%.

Guideline values in Ward - F

In Ward - F, there are 163 streets that carry a 2024 guideline value, ranging from Rs 701 to Rs 2,200 per sq.ft, with a median value of Rs 706 per sq.ft. A.I.T.U.C Colony 2nd Street's 2024 guideline value of Rs 880 per sq.ft is above this median.

• A.I.T.U.C Colony 1st 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 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers A.I.T.U.C Colony 2nd Street?

The A.I.T.U.C Colony 2nd Street falls under the Tiruppur Joint II 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 - F

The guideline value is a crucial factor when registering property transactions in Ward - F. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When you buy or sell property in this area, the guideline value helps establish a fair basis for the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of A.I.T.U.C Colony 2nd Street?

The current guideline value of A.I.T.U.C Colony 2nd 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 changed from Rs 245 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, showing an overall increase of 259% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers A.I.T.U.C Colony 2nd Street?

The Tiruppur Joint II Sub Registrar Office covers A.I.T.U.C Colony 2nd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

What is the land classification for A.I.T.U.C Colony 2nd Street?

A.I.T.U.C Colony 2nd Street is classified as Residential Special Type - II under the land classification.