Guideline Value for ADHAVA CITY

Adhava City guideline value

The current guideline value of Adhava City, located in Somayampalayam village under the Vadavalli SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Adhava City has changed

The guideline value for Adhava City has undergone several revisions over the years. The earliest recorded revision for this street was in 2012, with a guideline value of Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017, and then an increase to Rs 500 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 550 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. Between 2017 and 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, placing Adhava City's 2024 figure below this median.

• Abirami Garden - II: Rs 690 per sq.ft (2024)
• Abirami Garden - I: Rs 690 per sq.ft (2024)
• Ajantha Nagar: Rs 550 per sq.ft (2024)
• Akshra Gardens: Rs 550 per sq.ft (2024)
• Alpha Garden: Rs 825 per sq.ft (2024)
• Altrons Gardens: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Adhava City

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, the total charges would be Rs 49,500. 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 further calculations.

Which Sub Registrar Office covers Adhava City?

The Sub Registrar Office covering Adhava City is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Somayampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Adhava City?

The current guideline value of Adhava City is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 in 2012 to Rs 335 in 2017, then to Rs 500 in 2023, and finally to Rs 550 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Adhava City?

Adhava City is classified as Residential Class I Type - II. This classification indicates the type of development allowed in the area.

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

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges would be Rs 49,500.

Which office handles property registration for Adhava City?

The Vadavalli Sub Registrar Office handles property registration for Adhava City, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.