Guideline Value for Adhidravidar Street

Adhidravidar Street guideline value

The current guideline value of Adhidravidar Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Dharapuram Ward 1 village, under the Dharapuram SRO, and is classified as Residential Class II Type - III.

How the guideline value of Adhidravidar Street has changed

The guideline value for Adhidravidar Street has undergone several revisions since 2002. In the 2002 revision, the value was Rs 48 per sq.ft, which increased to Rs 53 per sq.ft in 2003, marking a 10% rise. The value then saw significant growth, reaching Rs 170 per sq.ft in 2012, which was a 221% increase from the previous revision. However, it dropped to Rs 114 per sq.ft in 2017, reflecting a decrease of 33% from 2012. The value then surged to Rs 300 per sq.ft in 2023, showing a remarkable increase of 163% from 2017. The latest revision in 2024 set the guideline value at Rs 330 per sq.ft, representing a 10% increase from 2023.

It is important to note that there is no figure available for Adhidravidar Street in the 2007 revision. Overall, from 2002 to 2024, the guideline value has increased by 588%.

Guideline values in Dharapuram Ward 1

In Dharapuram Ward 1, there are 11 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 440 per sq.ft, with a median value of Rs 335 per sq.ft. Adhidravidar Street's 2024 figure is below this median.

• Agraharam Erattai Street: Rs 335 per sq.ft (2024)
• Agraharam Ottrai Street: Rs 335 per sq.ft (2024)
• Arasupallipalayam: Rs 335 per sq.ft (2024)
• Chokkanatha palayam: Rs 335 per sq.ft (2024)
• Dhasappalipalayam: Rs 330 per sq.ft (2024)
• Karur Road: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Adhidravidar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, charged at 7%, would be Rs 23,100, while the registration fee at 2% would be Rs 6,600. The total cost for these fees would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhidravidar Street?

The Sub Registrar Office that covers Adhidravidar Street is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Dharapuram Ward 1

The guideline value plays a crucial role during the registration of property transactions in Dharapuram Ward 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is particularly important as it helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Adhidravidar Street?

The current guideline value of Adhidravidar Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 48 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 588% over this period.

What is the stamp duty rate for properties in Adhidravidar Street?

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

Where is the Sub Registrar Office for Adhidravidar Street located?

The Sub Registrar Office for Adhidravidar Street is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the registration fee calculated for properties in Adhidravidar Street?

The registration fee for properties in Adhidravidar Street is calculated at 2% of the guideline value or the sale price, whichever is higher.