Guideline Value for ATHI THIRAVIDAR THERU

Athi Thiravidar Theru guideline value

The current guideline value of Athi Thiravidar Theru is Rs 225 per sq.ft, effective from 1 July 2024. This street is located in Chettipalayam village under the Kinathukkadavu SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Athi Thiravidar Theru has changed

The guideline value for Athi Thiravidar Theru has seen several revisions over the years. The earliest recorded revision was in 2012, when the guideline value was Rs 150 per sq.ft. This value was then revised to Rs 100 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 100%, reaching Rs 200 per sq.ft. The most recent revision in 2024 has set the value at Rs 225 per sq.ft, reflecting a 13% increase from the previous year.

It is important to note that there are no recorded figures for Athi Thiravidar Theru in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Chettipalayam

In Chettipalayam, there are 158 streets under the Kinathukkadavu SRO that have a 2024 guideline value ranging from Rs 225 to Rs 680 per sq.ft, with a median value of Rs 280 per sq.ft. Athi Thiravidar Theru's 2024 guideline value is below this median.

• Athayi Chettiar Street: Rs 280 per sq.ft (2024)
• Ayyannan Chettiar Street: Rs 280 per sq.ft (2024)
• Ayyavu Chettiar Street: Rs 280 per sq.ft (2024)
• Arputham Nagar: Rs 280 per sq.ft (2024)
• Bajanai Koil Street: Rs 280 per sq.ft (2024)
• Arijana Kalani: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in Athi Thiravidar Theru

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 at 7% would be Rs 15,750, and the registration fee at 2% would be Rs 4,500, bringing the total cost for these fees 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.

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

Which Sub Registrar Office covers Athi Thiravidar Theru?

The Sub Registrar Office that covers Athi Thiravidar Theru 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chettipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Athi Thiravidar Theru?

The current guideline value of Athi Thiravidar Theru 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 from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 225 per sq.ft in 2024.

What is the land classification for Athi Thiravidar Theru?

Athi Thiravidar Theru falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for a property in Athi Thiravidar Theru?

For a property valued at Rs 2,25,000, the stamp duty would be Rs 15,750, and the registration fee would be Rs 4,500, totaling Rs 20,250.

Which Sub Registrar Office is responsible for Athi Thiravidar Theru?

The Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, is responsible for Athi Thiravidar Theru.