Guideline Value for AD Colony (Ward 2)

AD Colony (Ward 2) guideline value

The current guideline value for AD Colony (Ward 2) is Rs 200 per sq.ft. This area is located in Idikarai village and falls under the Periyanayakkan Palayam SRO. The land classification for this region is Residential Class II Type - I.

How the guideline value of AD Colony (Ward 2) has changed

Over the years, the guideline value for AD Colony (Ward 2) has experienced significant fluctuations. In the 2012 revision, the guideline value was Rs 70 per sq.ft, which decreased to Rs 47 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2023 revision saw a substantial increase to Rs 200 per sq.ft, representing a remarkable growth of 326% from the 2017 figure.

When looking at the overall change from 2012 to 2023, the guideline value has increased by 186%. It is important to note that the register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Idikarai

Currently, there are no specific guideline values listed for other streets in Idikarai. AD Colony (Ward 2) is the only street mentioned in the context of guideline values under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in AD Colony (Ward 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AD Colony (Ward 2)?

The Sub Registrar Office that covers AD Colony (Ward 2) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Idikarai, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for AD Colony (Ward 2)?

The current guideline value for AD Colony (Ward 2) is Rs 200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 186%, rising from Rs 70 per sq.ft in 2012 to Rs 200 per sq.ft in 2023.

What was the guideline value in 2017?

The guideline value for AD Colony (Ward 2) in 2017 was Rs 47 per sq.ft, which was a decrease from Rs 70 per sq.ft in 2012.

Which Sub Registrar Office should I visit for property transactions in AD Colony (Ward 2)?

The relevant Sub Registrar Office for property transactions in AD Colony (Ward 2) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How are stamp duty and registration fees calculated for properties in AD Colony (Ward 2)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 18,000.