Guideline Value for ATHI DRAVIDAR ST

Athi Dravidar St guideline value

The current guideline value of Athi Dravidar St in Orattukuppai village is Rs 225 per sq.ft, effective from 1 July 2024. This street falls under the Kinathukkadavu SRO and is classified as Residential Special Type - II.

How the guideline value of Athi Dravidar St has changed

The guideline value for Athi Dravidar St has seen significant changes over the years. In 2007, the guideline value was Rs 10 per sq.ft, which increased to Rs 50 per sq.ft in 2012. However, it decreased to Rs 33 per sq.ft in 2017. Following this, the value surged to Rs 200 per sq.ft in 2023, marking a 506% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 225 per sq.ft, reflecting a 13% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, since 2007, the guideline value has increased by 2150% up to the current rate in 2024.

Guideline values in Orattukuppai

In Orattukuppai, three streets under the Kinathukkadavu SRO share the same 2024 guideline value of Rs 225 per sq.ft, placing Athi Dravidar St at the median value for the area. The other streets in Orattukuppai include:

• East South Thotta Salaigal: Rs 225 per sq.ft (2024)
• Harijana Colony: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Athi Dravidar St

For a 1,000 sq.ft plot at the current guideline value of Rs 225 per sq.ft, the total guideline value amounts to Rs 2,25,000. The stamp duty, charged at 7%, would be Rs 15,750, while the registration fee at 2% would be Rs 4,500, bringing the total to Rs 20,250. 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 Athi Dravidar St?

The Sub Registrar Office covering Athi Dravidar St is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical reference point during property transactions in Orattukuppai. It is used to calculate the stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When registering a property, the guideline value helps determine the official value of the property, which is essential for taxation purposes. This value is crucial for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Athi Dravidar St?

The current guideline value of Athi Dravidar St is Rs 225 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 10 per sq.ft in 2007 to Rs 225 per sq.ft in 2024, reflecting an overall increase of 2150% since 2007.

What are the other streets with the same guideline value in Orattukuppai?

Other streets in Orattukuppai with the same 2024 guideline value of Rs 225 per sq.ft include East South Thotta Salaigal and Harijana Colony.

What fees are applicable when buying property in Athi Dravidar St?

When buying property in Athi Dravidar St, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2% of the guideline value, which together can add a significant amount to the overall cost.

Where can I find the Kinathukkadavu Sub Registrar Office?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find more details online.