Guideline Value for ADIYAMAN STREET

Adiyaman Street guideline value

The current guideline value of Adiyaman Street is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - A village under the Udumalpettai SRO, classified as Residential Class V Type - I.

How the guideline value of Adiyaman Street has changed

Adiyaman Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 350 per sq.ft, which then dropped to Rs 234 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 50% to reach Rs 350 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 380 per sq.ft, reflecting a change of 9% from the previous year.

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 9%.

Guideline values in Ward - A

In Ward - A, there are 40 streets under the Udumalpettai SRO that have a 2024 guideline value ranging from Rs 380 to Rs 1,880 per sq.ft, with a median value of Rs 475 per sq.ft. Adiyaman Street's current figure of Rs 380 per sq.ft is below this median.

• Bharathi Nagar: Rs 475 per sq.ft (2024)
• Cheran Sengutuvan Lane: Rs 380 per sq.ft (2024)
• Chinnamuthu Street: Rs 380 per sq.ft (2024)
• Devendrar Street: Rs 380 per sq.ft (2024)
• E.B.Quarters: Rs 700 per sq.ft (2024)
• Express Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Adiyaman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value would be Rs 3,80,000. The stamp duty at 7% would amount to Rs 26,600, while the registration fee at 2% would be Rs 7,600, totaling Rs 34,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Adiyaman Street?

The Sub Registrar Office that covers Adiyaman Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ward - A. It is used as a reference point for calculating stamp duty and registration fees during the registration process. Buyers and sellers should be aware that the guideline value is often used to determine the minimum price for property transactions.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Adiyaman Street?

The current guideline value of Adiyaman Street is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Adiyaman Street has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then back to Rs 350 per sq.ft in 2023, and finally to Rs 380 per sq.ft in 2024.

What are the other streets in Ward - A?

There are several other streets in Ward - A, including Bharathi Nagar, Cheran Sengutuvan Lane, Chinnamuthu Street, Devendrar Street, E.B.Quarters, and Express Avenue, each with their respective guideline values.

What is the stamp duty rate for properties in Adiyaman Street?

The stamp duty rate for properties in Adiyaman Street is 7%, calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Adiyaman Street located?

The Sub Registrar Office for Adiyaman Street is located at 21, Katcheri Street, Taluk Office Campus, Udumalpet - 642126, Coimbatore registration zone.