Guideline Value for Aandavar Street

Aandavar Street guideline value

The current guideline value of Aandavar Street in Vadavalli village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Vadavalli SRO and is classified as Residential Class I Type - III.

How the guideline value of Aandavar Street has changed

The guideline value for Aandavar Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 700 per sq.ft. This figure increased to Rs 469 per sq.ft in 2017, representing a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 1,000 per sq.ft, marking a rise of 113%. The most recent revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

Furthermore, there are no recorded figures for Aandavar Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Aandavar Street's 2024 figure is below this median.

• AARK Nagar: Rs 1,001 per sq.ft (2024)
• Aavishkar Naruvi: Rs 1,003 per sq.ft (2024)
• Abirami Nagar: Rs 1,100 per sq.ft (2024)
• Abirami Nagar (Ward No.1): Rs 1,100 per sq.ft (2024)
• Abirami Nagar (ward No. 18): Rs 1,100 per sq.ft (2024)
• A.D. Colony (WARD 1): Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Aandavar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total Rs 90,090. It is important to note that 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 Aandavar Street?

Aandavar Street is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Aandavar Street?

The current guideline value of Aandavar Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with notable increases and decreases in between.

What is the land classification of Aandavar Street?

Aandavar Street is classified as Residential Class I Type - III, indicating its designation for residential use.

What are the stamp duty rates for properties in Aandavar Street?

The stamp duty for properties in Aandavar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Aandavar Street?

The Sub Registrar Office covering Aandavar Street is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more details online.