Guideline Value for ADI DRAVIDAR VEETHI (CHINNAVEDAMPATTI NATHAM)

Adi Dravidar Veethi (Chinnavedampatti Natham) guideline value

The current guideline value of Adi Dravidar Veethi (Chinnavedampatti Natham) is Rs 1,090 per sq.ft, effective from 1 July 2024. This street is located in the village of Chinnavedampatti and falls under the Gandhipuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Adi Dravidar Veethi (Chinnavedampatti Natham) has changed

The guideline value for Adi Dravidar Veethi has undergone several revisions over the years. In 2012, the value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. Following this, there was a significant increase to Rs 1,000 per sq.ft in 2023, and the current value as of 2024 is Rs 1,090 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a remarkable increase of 499%. The overall change from 2012 to 2024 reflects a substantial increase of 336% in the guideline value.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a guideline value for 2024, ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,095 per sq.ft, placing Adi Dravidar Veethi (Chinnavedampatti Natham) slightly below this median.

• Adi Dravidar Veethi (Udayampalayam Natham): Rs 1,090 per sq.ft (2024)
• Adi Dravidar Natham(Nanjay Gounden Pudur): Rs 1,090 per sq.ft (2024)
• Adhithi Enclave: Rs 2,000 per sq.ft (2024)
• Abirami Garden: Rs 1,095 per sq.ft (2024)
• Akkammal Avenue: Rs 1,105 per sq.ft (2024)
• Akkammal Garden: Rs 1,105 per sq.ft (2024)

Stamp duty and registration fee for property in Adi Dravidar Veethi (Chinnavedampatti Natham)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,090 per sq.ft, the total guideline value would be Rs 10,90,000. The stamp duty at 7% would amount to Rs 76,300, and the registration fee at 2% would be Rs 21,800, making the total cost for these fees Rs 98,100. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Adi Dravidar Veethi (Chinnavedampatti Natham)?

The Sub Registrar Office that covers Adi Dravidar Veethi (Chinnavedampatti Natham) is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chinnavedampatty. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties adhere to the legal requirements.

When a property is sold, the guideline value serves as a baseline for calculating the taxes owed. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Adi Dravidar Veethi (Chinnavedampatti Natham)?

The current guideline value of Adi Dravidar Veethi (Chinnavedampatti Natham) is Rs 1,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2012 to Rs 1,090 per sq.ft in 2024. Notably, there was a 499% increase from 2017 to 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,90,000, the stamp duty would be Rs 76,300, and the registration fee would be Rs 21,800, totaling Rs 98,100.

Which office handles the registration for this street?

The Gandhipuram Sub Registrar Office handles the registration for Adi Dravidar Veethi (Chinnavedampatti Natham), located at Kalapatti Road, near Saravanampatti Police Station.

What is the land classification for Adi Dravidar Veethi (Chinnavedampatti Natham)?

The land classification for Adi Dravidar Veethi (Chinnavedampatti Natham) is Residential Class II Type - I.