Guideline Value for AADVIKA

Aadvika guideline value

The current guideline value of Aadvika, located in Vellakinar, under the Gandhipuram SRO, is Rs 1,065 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - III.

How the guideline value of Aadvika has changed

In the 2017 revision, the guideline value was Rs 370 per sq.ft. This figure saw a significant increase in the 2023 revision, rising to Rs 1,000 per sq.ft, marking a change of +170%. The most recent revision in 2024 has further increased the guideline value to Rs 1,065 per sq.ft, which is a +7% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +188%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vellakinar.

Vellakinar has a total of 107 streets under the Gandhipuram SRO, with 2024 guideline values ranging from Rs 1,030 to Rs 2,886 per sq.ft. The median value for these streets is Rs 1,876 per sq.ft, placing Aadvika's 2024 guideline value below this median.

• Aadvika Phase II: Rs 1,170 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

For a 1,000 sq.ft plot at the current rate of Rs 1,065 per sq.ft, the guideline value amounts to Rs 10,65,000. The stamp duty at 7% would be Rs 74,550, and the registration fee at 2% would be Rs 21,300, making the total Rs 95,850. 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 Aadvika?

Aadvika is covered by the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vellakinar. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable by the buyer.

When buying or selling property, the guideline value ensures that transactions are recorded at a fair value, preventing undervaluation. Buyers should be aware that the guideline value may influence their overall costs during the registration process.

Frequently asked questions

What is the current guideline value of Aadvika?

The current guideline value of Aadvika is Rs 1,065 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 370 per sq.ft in 2017 to Rs 1,065 per sq.ft in 2024, marking an overall increase of +188%.

What are the stamp duty and registration fees for property in Aadvika?

For a property valued at Rs 10,65,000, the stamp duty is Rs 74,550 and the registration fee is Rs 21,300, totaling Rs 95,850.

Which Sub Registrar Office covers Aadvika?

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

What is the land classification for Aadvika?

The land classification for Aadvika is Residential Class V Type - III.