Guideline Value for ADHIDRAVIDAR COLONY

Adhidravidar Colony guideline value

The current guideline value of Adhidravidar Colony, located in Ward - H village under the Tiruppur Joint II SRO, is Rs 701 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class V Type - II land classification.

How the guideline value of Adhidravidar Colony has changed

The guideline value of Adhidravidar Colony has seen several revisions over the years. The 2012 revision set the value at Rs 550 per sq.ft, which increased to Rs 368 per sq.ft in 2017. However, from 2017 to 2023, the value experienced a significant increase of 90%, reaching Rs 700 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 701 per sq.ft, showing no percentage change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 27%.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Adhidravidar Colony is below this median.

• Adhidravidar Street: Rs 702 per sq.ft (2024)
• Agathigyar Street: Rs 706 per sq.ft (2024)
• Arthanari Chettiar Lane: Rs 825 per sq.ft (2024)
• Arthanari Street: Rs 706 per sq.ft (2024)
• Arunthathiar Colony: Rs 701 per sq.ft (2024)
• Boyar Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in Adhidravidar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total to Rs 63,090. 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 Adhidravidar Colony?

The Sub Registrar Office that covers Adhidravidar Colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward - H

The guideline value plays a crucial role during the registration process of property transactions in Ward - H. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is considered to determine the legal value of the property. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Adhidravidar Colony?

The current guideline value of Adhidravidar Colony is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2012 to Rs 701 per sq.ft in 2024, reflecting an overall increase of 27% over this period.

What is the registration office for Adhidravidar Colony?

The registration office for Adhidravidar Colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What are the stamp duty and registration fees for a property in Adhidravidar Colony?

The stamp duty for a property valued at Rs 7,01,000 is Rs 49,070, and the registration fee is Rs 14,020, totaling Rs 63,090.

What is the land classification of Adhidravidar Colony?

Adhidravidar Colony falls under the Residential Class V Type - II land classification as per the current guidelines.