Guideline Value for AADVIKA PHASE II

Aadvika Phase II guideline value

The current guideline value of Aadvika Phase II is Rs 1,170 per sq.ft. This property is located in Vellakinar, under the Gandhipuram Sub Registrar Office (SRO), and is classified as Residential Special Type - V.

How the guideline value of Aadvika Phase II has changed

The guideline value for Aadvika Phase II has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,045 per sq.ft, which was then revised to Rs 1,170 per sq.ft in 2024, marking an increase of 12%.

Prior to the 2023 revision, the register does not provide any figures for this street. The current value of Rs 1,170 per sq.ft reflects the latest revision effective from 1 July 2024.

Guideline values in Vellakinar.

In Vellakinar, there are 107 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,030 to Rs 2,886 per sq.ft. The median guideline value for these streets is Rs 1,876 per sq.ft, placing Aadvika Phase II's current value below that median.

• Aadvika: Rs 1,065 per sq.ft (2024)
• Adappu Thottam: Rs 1,030 per sq.ft (2024)
• Adithya Venky's Windsor Park: Rs 1,876 per sq.ft (2024)
• Aithinai's Mathura: Rs 1,170 per sq.ft (2024)
• Amarjothi Saroj Nagar: Rs 1,270 per sq.ft (2024)
• Ammasai Gounder Veethi: Rs 1,270 per sq.ft (2024)

Stamp duty and registration fee for property in Aadvika Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,170 per sq.ft, the total guideline value amounts to Rs 11,70,000. The stamp duty at 7% would be Rs 81,900, and the registration fee at 2% would be Rs 23,400, bringing the total fees to Rs 1,05,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aadvika Phase II?

Aadvika Phase II falls under the Gandhipuram Sub Registrar Office. The office is located at Gandhipuram Sub Registrar Office, SRO Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Vellakinar.

The guideline value is a crucial factor in the registration process when buying or selling property in Vellakinar. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for completing the transaction legally. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aadvika Phase II?

The current guideline value of Aadvika Phase II is Rs 1,170 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,045 per sq.ft in 2023 to Rs 1,170 per sq.ft in 2024, reflecting a 12% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the registration office for Aadvika Phase II?

Aadvika Phase II is covered by the Gandhipuram Sub Registrar Office, located at Gandhipuram Sub Registrar Office, SRO Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in Aadvika Phase II?

For a property valued at Rs 11,70,000, the stamp duty would be Rs 81,900 and the registration fee would be Rs 23,400, totaling Rs 1,05,300. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find more information about the guideline values in Vellakinar?

Information about guideline values in Vellakinar can be found in the Registration Department's guideline value register (TNReginet). You can also explore other streets in Vellakinar for their respective guideline values.