Guideline Value for A.I.T.U.C COLONY 3RD STREET

A.I.T.U.C Colony 3rd Street guideline value

The current guideline value for A.I.T.U.C Colony 3rd 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 is classified as Residential Special Type - II.

How the guideline value of A.I.T.U.C Colony 3rd Street has changed

The guideline value for A.I.T.U.C Colony 3rd 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, this value decreased to Rs 536 per sq.ft in 2017, reflecting a drop of 33%. The guideline value then rose sharply to Rs 800 per sq.ft in 2023, and most recently, it has increased to Rs 880 per sq.ft in 2024, a change of 10%.

Overall, from 2007 to 2024, the guideline value has increased by 259%. It is important to note that the register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ward - F

In Ward - F, there are 163 streets under the Tiruppur Joint II SRO that have 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 3rd Street's 2024 guideline value of Rs 880 per sq.ft is above the median.

• A.I.T.U.C Colony 2nd Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 4th Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is essential 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 A.I.T.U.C Colony 3rd Street?

The A.I.T.U.C Colony 3rd 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Ward - F. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is important to be aware of the guideline value as it affects the overall costs associated with the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of A.I.T.U.C Colony 3rd Street?

The current guideline value of A.I.T.U.C Colony 3rd 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, reflecting 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 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 3rd Street?

The Tiruppur Joint II Sub Registrar Office covers A.I.T.U.C Colony 3rd Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of A.I.T.U.C Colony 3rd Street?

A.I.T.U.C Colony 3rd Street is classified as Residential Special Type - II.