Guideline Value for AIRPORT COLONY (CIVIL AERODROME)

Airport Colony (Civil Aerodrome) guideline value

The current guideline value for Airport Colony (Civil Aerodrome) is Rs 1,055 per sq.ft, effective from 1 July 2024. This area is located in Kalapatty_west village under the Gandhipuram SRO and is classified as Residential Class I Type - III.

How the guideline value of Airport Colony (Civil Aerodrome) has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a 149% rise. The most recent revision in 2024 set the guideline value at Rs 1,055 per sq.ft, which represents a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 162%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,060 per sq.ft. The guideline value for Airport Colony (Civil Aerodrome) is below this median.

• Agam: Rs 1,055 per sq.ft (2024)
• Alaghu Nagar (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Alex Anenue: Rs 1,045 per sq.ft (2024)
• Aalayam Avenue: Rs 1,065 per sq.ft (2024)
• Amman Nagar: Rs 1,050 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 per sq.ft (2024)

Stamp duty and registration fee for property in Airport Colony (Civil Aerodrome)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value amounts to Rs 10,55,000. The stamp duty at 7% would be Rs 73,850, and the registration fee at 2% would be Rs 21,100, bringing the total fees together to Rs 94,950. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Airport Colony (Civil Aerodrome)?

The Sub Registrar Office that covers Airport Colony (Civil Aerodrome) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor used during the registration process of property transactions in Kalapatty_west. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is utilized to calculate the associated fees. This ensures that the registration reflects the true value of the transaction in accordance with government regulations.

Frequently asked questions

What is the current guideline value for Airport Colony (Civil Aerodrome)?

The current guideline value for Airport Colony (Civil Aerodrome) is Rs 1,055 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 402 per sq.ft to Rs 1,055 per sq.ft in 2024. This reflects an overall increase of 162% over the seven-year period.

What is the land classification for Airport Colony (Civil Aerodrome)?

Airport Colony (Civil Aerodrome) is classified as Residential Class I Type - III. This classification determines the permissible uses of the land in this area.

Where can I find the registration office for Airport Colony (Civil Aerodrome)?

The registration office for Airport Colony (Civil Aerodrome) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 10,55,000 would incur a stamp duty of Rs 73,850 at 7%.