Guideline Value for AATHI DRAVIDAR COLONY

Aathi Dravidar Colony guideline value

The current guideline value of Aathi Dravidar Colony is Rs 560 per sq.ft, effective from 1 July 2024. This area is located in Othakkalmandapam village and falls under the Kinathukkadavu SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Aathi Dravidar Colony has changed

The guideline value for Aathi Dravidar Colony has seen several revisions over the years. The 2007 revision set the value at Rs 90 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, this value dropped to Rs 335 per sq.ft in 2017 before rising again to Rs 500 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 560 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 522%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 1,010 per sq.ft, with the median being Rs 560 per sq.ft. Aathi Dravidar Colony's 2024 figure aligns with this median.

• Annamar Koil Street: Rs 340 per sq.ft (2024)
• Arijana Colony: Rs 560 per sq.ft (2024)
• Ayya Gounder Street: Rs 225 per sq.ft (2024)
• Azhagumuthu Gounder Street: Rs 340 per sq.ft (2024)
• Bajanai Koil Street: Rs 340 per sq.ft (2024)
• Barathiar Street: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Aathi Dravidar Colony

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 5,60,000. The stamp duty at 7% amounts to Rs 39,200, while the registration fee at 2% is Rs 11,200, totaling Rs 50,400. 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 more details.

Which Sub Registrar Office covers Aathi Dravidar Colony?

The Sub Registrar Office that covers Aathi Dravidar Colony is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Othakkalmandapam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Aathi Dravidar Colony?

The current guideline value of Aathi Dravidar Colony is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2007 to Rs 560 per sq.ft in 2024, reflecting an overall increase of 522% over the years.

What are the stamp duty and registration fees for property in Aathi Dravidar Colony?

For a property valued at Rs 5,60,000, the stamp duty would be Rs 39,200 and the registration fee would be Rs 11,200, totaling Rs 50,400.

Which Sub Registrar Office is responsible for Aathi Dravidar Colony?

The Kinathukkadavu Sub Registrar Office is responsible for Aathi Dravidar Colony, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

What is the land classification for Aathi Dravidar Colony?

The land classification for Aathi Dravidar Colony is Residential Special Type - I, which indicates its intended use for residential purposes.