Guideline Value for Adhi Dravidar Lane or Colony

Adhi Dravidar Lane or Colony guideline value

The current guideline value of Adhi Dravidar Lane or Colony is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village, under the Peelamedu SRO, and is classified as Residential Class III Type - III.

How the guideline value of Adhi Dravidar Lane or Colony has changed

The guideline value for Adhi Dravidar Lane or Colony has seen several revisions over the years. From the 2007 revision, which was Rs 507 per sq.ft, it increased to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017. The most recent revisions show that it remained at Rs 1,000 per sq.ft for both 2023 and 2024, indicating no change between these two years. The register has no figure for this street in the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 113%, while from 2012 to 2017, it decreased by 33%. Overall, from 2007 to 2024, the guideline value has increased by 97%, reflecting the changes in the local real estate landscape.

Guideline values in Sowripalayam

In Sowripalayam, there are 186 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value for these streets is Rs 2,300 per sq.ft, placing Adhi Dravidar Lane or Colony's 2024 figure below that median.

• Adhidravida Kadal Road or Adhidravidar Colony: Rs 1,000 per sq.ft (2024)
• Adhivinayakar Kovil Street: Rs 1,010 per sq.ft (2024)
• Anantha Thiruvenkatasamy Street: Rs 2,300 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 2,300 per sq.ft (2024)
• Annamalai Nagar: Rs 2,300 per sq.ft (2024)
• Annamar Kovil Street(Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Dravidar Lane or Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees together to Rs 90,000. 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 Adhi Dravidar Lane or Colony?

The Sub Registrar Office that covers Adhi Dravidar Lane or Colony is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more details.

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

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

When a property is sold, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Adhi Dravidar Lane or Colony?

The current guideline value of Adhi Dravidar Lane or Colony is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 507 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, showing an overall increase of 97% over the years.

What is the median guideline value in Sowripalayam?

The median guideline value for the 186 streets in Sowripalayam is Rs 2,300 per sq.ft, which is higher than the current value of Adhi Dravidar Lane or Colony.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Adhi Dravidar Lane or Colony is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Adhi Dravidar Lane or Colony?

The Peelamedu Sub Registrar Office, which covers Adhi Dravidar Lane or Colony, is located at 6/1, Grd Road, Redfields, Coimbatore - 18.