Guideline Value for AD Colony (Ward 5)

AD Colony (Ward 5) guideline value

The current guideline value of AD Colony (Ward 5) is Rs 200 per sq.ft, as per the 2023 revision. This area is located in Idikarai village and falls under the Periyanayakkan Palayam SRO. The land classification for this locality is Residential Class II Type - I.

How the guideline value of AD Colony (Ward 5) has changed

The guideline value for AD Colony (Ward 5) has seen significant changes over the years. In the 2012 revision, the guideline value was Rs 70 per sq.ft. However, this figure decreased to Rs 47 per sq.ft in the 2017 revision, marking a decline of 33%. The most recent revision in 2023 saw a substantial increase to Rs 200 per sq.ft, which is an increase of 326% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has increased by 186%. It is important to note that 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 village figures provided for Idikarai. However, AD Colony (Ward 5) is part of this locality under the Periyanayakkan Palayam SRO. Other streets in Idikarai include:

Stamp duty and registration fee for property in AD Colony (Ward 5)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which amounts to Rs 14,000, and the registration fee is charged at 2%, amounting to Rs 4,000. Therefore, the total cost for stamp duty and registration fee together is Rs 18,000. It is important to note that 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 5)?

The Sub Registrar Office that covers AD Colony (Ward 5) 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 plays a crucial role in the registration process of property transactions in Idikarai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid. This ensures that both parties are aware of the financial obligations associated with the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it can significantly impact the overall cost of the property transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of AD Colony (Ward 5)?

The current guideline value of AD Colony (Ward 5) is Rs 200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 70 per sq.ft in 2012 to Rs 200 per sq.ft in 2023. There was a decrease to Rs 47 per sq.ft in 2017 before the recent increase.

What is the land classification for AD Colony (Ward 5)?

AD Colony (Ward 5) is classified as Residential Class II Type - I, indicating its zoning for residential purposes.

What are the stamp duty and registration fees for property in AD Colony (Ward 5)?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for AD Colony (Ward 5)?

The Sub Registrar Office covering AD Colony (Ward 5) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.