Guideline Value for ADHIYAMANVEETHI

Adhiyamanveethi guideline value

The current guideline value for Adhiyamanveethi in Ward - P village, under the Tiruppur Joint II SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Adhiyamanveethi has changed

Over the years, the guideline value of Adhiyamanveethi has seen several revisions. The earliest recorded figure is from 2007, which was Rs 695 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in 2012, marking a 116% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The most recent revisions show a rise to Rs 1,500 per sq.ft in 2023, followed by a further increase to the current value of Rs 1,650 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in the guideline value for Adhiyamanveethi is 137%. The changes between the revisions highlight the fluctuations in property valuation over the years, reflecting the dynamics of the real estate landscape in the area.

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, with a median value of Rs 3,575 per sq.ft. The guideline value for Adhiyamanveethi is below this median.

• Adhiyamanveethi 1st Street: Rs 1,650 per sq.ft (2024)
• Adhiyamanveethi 2nd Street: 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

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, and 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhiyamanveethi?

The Sub Registrar Office that covers Adhiyamanveethi 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 information.

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 that need to be paid, ensuring that these costs are based on the official valuation of the property.

When a property is sold, 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 registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Adhiyamanveethi?

The current guideline value of Adhiyamanveethi 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 695 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 137% over the years.

What are the stamp duty rates for property in Adhiyamanveethi?

The stamp duty rate for property in Adhiyamanveethi is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

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

What is the land classification of Adhiyamanveethi?

Adhiyamanveethi falls under the Residential Class III Type - I land classification.