Guideline Value for ADHIYAMANVEETHI 2ND STREET

Adhiyamanveethi 2nd Street guideline value

The current guideline value of Adhiyamanveethi 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ward - P village under the Tiruppur Joint II SRO and is classified as Residential Class III Type - I.

How the guideline value of Adhiyamanveethi 2nd Street has changed

Over the years, the guideline value of Adhiyamanveethi 2nd Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later revised to Rs 1,005 per sq.ft in 2017. This marked a decrease of 33%. Subsequently, the value increased significantly to Rs 1,500 per sq.ft in 2023, followed by the latest revision in 2024, which set it at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%, reaching Rs 1,500 per sq.ft. The overall change from the 2012 revision to the 2024 revision shows a slight increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ward - P

In Ward - P, there are 40 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median value is Rs 3,575 per sq.ft, placing the guideline value of Adhiyamanveethi 2nd Street below this median.

• Adhiyamanveethi 1st Street: Rs 1,650 per sq.ft (2024)
• Adhiyamanveethi: Rs 1,650 per sq.ft (2024)
• Chikkanna Chettiar Street: Rs 4,400 per sq.ft (2024)
• Chikkanna Street: Rs 4,400 per sq.ft (2024)
• Dharapuram Cross Road: Rs 4,400 per sq.ft (2024)
• Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiyamanveethi 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhiyamanveethi 2nd Street?

The Sub Registrar Office that covers Adhiyamanveethi 2nd Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ward - P. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adhiyamanveethi 2nd Street?

The current guideline value of Adhiyamanveethi 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Adhiyamanveethi 2nd Street?

Adhiyamanveethi 2nd Street is classified as Residential Class III Type - I.

What is the registration office for Adhiyamanveethi 2nd Street?

The registration office for Adhiyamanveethi 2nd Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Ward - P?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,50,000, the stamp duty would be calculated at 7% of this amount.