Guideline Value for Adhidhravda Mariappan Kovil Street

Adhidhravda Mariappan Kovil Street guideline value

The current guideline value of Adhidhravda Mariappan Kovil Street is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Adhidhravda Mariappan Kovil Street has changed

Over the years, the guideline value of Adhidhravda Mariappan Kovil Street has seen significant changes. In the 2007 revision, the value was Rs 150 per sq.ft, which increased dramatically to Rs 700 per sq.ft in 2012, marking a growth of 367%. However, the value dropped to Rs 469 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision set the value at Rs 700 per sq.ft, before it rose to Rs 784 per sq.ft in the 2024 revision, indicating an increase of 12%.

There are no figures available for this street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 423%.

Guideline values in Sulur

In Sulur, there are 228 streets under the Sulur SRO, with guideline values ranging from Rs 280 to Rs 1,400 per sq.ft. The median guideline value is Rs 784 per sq.ft, which is equal to the 2024 figure for Adhidhravda Mariappan Kovil Street.

• Adimadaian Pillaiyar kovil street: Rs 784 per sq.ft (2024)
• A.K.Ramasamy Thevar First street: Rs 784 per sq.ft (2024)
• Amarjothi Vimana Nagar: Rs 560 per sq.ft (2024)
• Angalamman Kovil Street: Rs 784 per sq.ft (2024)
• Angamuthu Lane: Rs 448 per sq.ft (2024)
• Annamadam Street: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Adhidhravda Mariappan Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 784 per sq.ft, the guideline value amounts to Rs 7,84,000. The stamp duty at 7% would be Rs 54,880, and the registration fee at 2% would be Rs 15,680, totaling Rs 70,560. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhidhravda Mariappan Kovil Street?

The Sub Registrar Office that covers Adhidhravda Mariappan Kovil Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sulur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the appropriate charges, ensuring that both buyers and sellers are aware of the financial implications of their transactions. It is essential to consider the guideline value in relation to the sale price, as the higher of the two will determine the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Adhidhravda Mariappan Kovil Street?

The current guideline value of Adhidhravda Mariappan Kovil Street is Rs 784 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 150 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, reflecting an overall increase of 423% over this period.

What is the land classification for Adhidhravda Mariappan Kovil Street?

Adhidhravda Mariappan Kovil Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Adhidhravda Mariappan Kovil Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is the stamp duty calculated for properties in Sulur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property with a guideline value of Rs 7,84,000 would incur a stamp duty of Rs 54,880 at a rate of 7%.