Guideline Value for AD Colony (Ward 4)

AD Colony (Ward 4) guideline value

The current guideline value for AD Colony (Ward 4) is Rs 200 per sq.ft, as per the 2023 revision. This area falls under Idikarai village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this locality is the Periyanayakkan Palayam SRO.

How the guideline value of AD Colony (Ward 4) has changed

Over the years, the guideline value for AD Colony (Ward 4) has seen significant changes. The 2012 revision set the value at Rs 70 per sq.ft, which then decreased to Rs 47 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, the value surged to Rs 200 per sq.ft, reflecting an increase of 326%.

Overall, from the 2012 revision to the 2023 revision, the guideline value has risen by 186%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Idikarai

Currently, there are no specific guideline values provided for other streets in Idikarai. AD Colony (Ward 4) is the only street mentioned under the Periyanayakkan Palayam SRO.

Stamp duty and registration fee for property in AD Colony (Ward 4)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AD Colony (Ward 4)?

The Sub Registrar Office that covers AD Colony (Ward 4) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Idikarai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is assessed to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for AD Colony (Ward 4)?

The current guideline value for AD Colony (Ward 4) is Rs 200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 70 per sq.ft in 2012 to Rs 47 per sq.ft in 2017, and then to Rs 200 per sq.ft in 2023. This reflects an overall increase of 186% from 2012 to 2023.

Is there a guideline value for 2024 for this street?

No, the register does not have a figure for the 2024 revision for AD Colony (Ward 4).

What is the stamp duty for property in AD Colony (Ward 4)?

The stamp duty for property in AD Colony (Ward 4) is 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the stamp duty would be Rs 14,000.

Where is the Sub Registrar Office for AD Colony (Ward 4) located?

The Sub Registrar Office for AD Colony (Ward 4) is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone.