Guideline Value for Adhidravidar Street

Adhidravidar Street guideline value

The current guideline value of Adhidravidar Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Ward 2 village under the Pollachi SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Adhidravidar Street has changed

The guideline value for Adhidravidar Street has undergone several revisions over the years. In 2002, the guideline value was Rs 164 per sq.ft, which increased to Rs 188 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 745 per sq.ft in 2007. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged in the 2023 revision. The most recent revision in 2024 again set the value at Rs 750 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49% from Rs 502 per sq.ft to Rs 750 per sq.ft. The overall change from 2002 to 2024 reflects a 357% increase in the guideline value for Adhidravidar Street.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 420 per sq.ft. The guideline value of Adhidravidar Street is above this median.

• Algammal K Muthusamy Garden: Rs 420 per sq.ft (2024)
• Amaithi Nagar: Rs 302 per sq.ft (2024)
• Amar Jothi Nagar: Rs 302 per sq.ft (2024)
• Annai Kasthuribai Street: Rs 541 per sq.ft (2024)
• Annapoorani Layout: Rs 675 per sq.ft (2024)
• Anumantharaya Street: Rs 1,500 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 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total charges to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator to estimate these costs for your property transaction.

Which Sub Registrar Office covers Adhidravidar Street?

The Sub Registrar Office covering Adhidravidar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 2

The guideline value plays a crucial role in property transactions within Ward 2. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is considered to determine the applicable fees, which are calculated based on the higher of the guideline value or the sale price. This ensures that the registration process reflects the accurate value of the property being transferred.

Frequently asked questions

What is the current guideline value of Adhidravidar Street?

The current guideline value of Adhidravidar Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 164 per sq.ft in 2002 to Rs 750 per sq.ft in 2024, reflecting an overall increase of 357% over the years.

What is the registration fee for properties on Adhidravidar Street?

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

Which office handles registrations for Adhidravidar Street?

The Pollachi Sub Registrar Office handles registrations for Adhidravidar Street, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

Are there other streets with different guideline values in Ward 2?

Yes, there are other streets in Ward 2 with varying guideline values, ranging from Rs 300 to Rs 2,500 per sq.ft. Adhidravidar Street's value is above the median of Rs 420 per sq.ft.