Guideline Value for A.I.T.U.C COLONY 4TH STREET

A.I.T.U.C Colony 4th Street guideline value

The current guideline value for A.I.T.U.C Colony 4th 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, classified as Residential Special Type - II.

How the guideline value of A.I.T.U.C Colony 4th Street has changed

The guideline value for A.I.T.U.C Colony 4th Street has seen several revisions over the years. The 2007 revision set the value at Rs 245 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 227%. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a decline of 33%. The value rose again 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%.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 259%. The register has no 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 carry a 2024 guideline value, ranging from Rs 701 to Rs 2,200 per sq.ft. The median value is Rs 706 per sq.ft, placing A.I.T.U.C Colony 4th Street's 2024 figure above this median.

• A.I.T.U.C Colony 3rd Street: Rs 880 per sq.ft (2024)
• A.I.T.U.C Colony 2nd 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 4th 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, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers A.I.T.U.C Colony 4th Street?

The A.I.T.U.C Colony 4th Street falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. To find your SRO, click here.

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

The guideline value is a crucial factor during the registration of property transactions in Ward - F. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value helps establish a fair transaction price, which is essential for both buyers and sellers. It is important 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 4th Street?

The current guideline value of A.I.T.U.C Colony 4th 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 A.I.T.U.C Colony 4th Street?

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 office handles property registrations for A.I.T.U.C Colony 4th Street?

The Tiruppur Joint II Sub Registrar Office handles property registrations for A.I.T.U.C Colony 4th Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for A.I.T.U.C Colony 4th Street?

A.I.T.U.C Colony 4th Street is classified as Residential Special Type - II.