Guideline Value for Aathi thiravidar Natham 1070

Aathi thiravidar Natham 1070 guideline value

The current guideline value of Aathi thiravidar Natham 1070 is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Kollankovil village, under the Sivagiri_Erode SRO, and is classified as Residential Class III Type - V.

How the guideline value of Aathi thiravidar Natham 1070 has changed

Since the 2007 revision, the guideline value for Aathi thiravidar Natham 1070 has seen significant changes. In 2007, the value was Rs 31 per sq.ft, which increased to Rs 95 per sq.ft in 2012. However, it then decreased to Rs 64 per sq.ft in 2017. The value rose substantially to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating a total increase of 545% from 2007 to 2024.

Between the revisions, the most notable change was from 2017 to 2023, where there was a 213% increase. The guideline value remained the same from 2023 to 2024, with no change recorded. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kollankovil

Kollankovil village has a total of 62 streets under the Sivagiri_Erode SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Aathi thiravidar Natham 1070's 2024 figure aligns with this median.

• Anna Nagar Harijana Colony 639: Rs 200 per sq.ft (2024)
• Annanagar kanthasamypalayam: Rs 200 per sq.ft (2024)
• Chinnathandam Palayam 992: Rs 200 per sq.ft (2024)
• East street: Rs 200 per sq.ft (2024)
• Elavanatham East&West Street 158/2: Rs 200 per sq.ft (2024)
• Elavantham 725/B: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aathi thiravidar Natham 1070

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 details.

Which Sub Registrar Office covers Aathi thiravidar Natham 1070?

The Aathi thiravidar Natham 1070 property falls under the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kollankovil. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the legal price of the property. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect overall costs during the registration process.

Frequently asked questions

What is the current guideline value of Aathi thiravidar Natham 1070?

The current guideline value of Aathi thiravidar Natham 1070 is Rs 200 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 31 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 545% over the years.

What is the land classification for Aathi thiravidar Natham 1070?

Aathi thiravidar Natham 1070 is classified as Residential Class III Type - V.

Where can I find the Sivagiri_Erode Sub Registrar Office?

The Sivagiri_Erode Sub Registrar Office is located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone.

How is stamp duty calculated for properties in Kollankovil?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 2,00,000 would incur a stamp duty of Rs 14,000.