Guideline Value for Adhidravida Kadal Road or Adhidravidar Colony

Adhidravida Kadal Road or Adhidravidar Colony guideline value

The current guideline value of Adhidravida Kadal Road or Adhidravidar Colony is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sowripalayam village and falls under the Peelamedu SRO. The land classification for this street is Residential Class III Type - III.

How the guideline value of Adhidravida Kadal Road or Adhidravidar Colony has changed

The guideline value for Adhidravida Kadal Road or Adhidravidar Colony has undergone several revisions over the years. In 2002, the value was Rs 429 per sq.ft, which increased to Rs 484 per sq.ft in 2003, marking a rise of 13%. The value continued to rise to Rs 507 per sq.ft in 2007, reflecting a 5% increase. However, in 2012, it decreased to Rs 700 per sq.ft, showing a decline of 33%. The value then saw a significant increase to Rs 469 per sq.ft in 2017, which was a rise of 113% from the previous revision. The guideline value remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 133%.

Guideline values in Sowripalayam

Sowripalayam village has 186 streets under the Peelamedu SRO, with guideline values ranging from Rs 1,000 to Rs 7,800 per sq.ft in 2024. The median value for these streets is Rs 2,300 per sq.ft, placing Adhidravida Kadal Road or Adhidravidar Colony's current guideline value below this median.

• Adhi Dravidar Lane or 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 Adhidravida Kadal Road or Adhidravidar 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, making the total cost for these fees Rs 90,000. 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 Adhidravida Kadal Road or Adhidravidar Colony?

The Sub Registrar Office that covers Adhidravida Kadal Road or Adhidravidar Colony is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sowripalayam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately in the official register. This value is particularly important as it serves as a benchmark for assessing the fees associated with property transactions.

Frequently asked questions

What is the current guideline value of Adhidravida Kadal Road or Adhidravidar Colony?

The current guideline value of Adhidravida Kadal Road or Adhidravidar 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 seen various changes, with the most recent being Rs 1,000 per sq.ft in both 2023 and 2024. The value has increased from Rs 429 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, representing a total increase of 133% over this period.

What is the land classification for Adhidravida Kadal Road or Adhidravidar Colony?

The land classification for Adhidravida Kadal Road or Adhidravidar Colony is Residential Class III Type - III.

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

The Peelamedu Sub Registrar Office, which covers Adhidravida Kadal Road or Adhidravidar Colony, is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000 in fees.