Guideline Value for Adhidravidar Street

Adhidravidar Street guideline value

The current guideline value of Adhidravidar Street is Rs 702 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO and is classified as Residential Class V Type - I.

How the guideline value of Adhidravidar Street has changed

The guideline value for Adhidravidar Street has seen several revisions over the years. The 2007 revision set the value at Rs 495 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, there was a significant drop to Rs 402 per sq.ft in 2017. Following this, the value rose to Rs 700 per sq.ft in 2023, and currently stands at Rs 702 per sq.ft as of the 2024 revision. It is important to note that the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 74%. The 2012 to 2017 period saw a decrease of 33%, while the value rose by 21% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 42%.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, indicating that Adhidravidar Street's 2024 figure is below this median.

• Adhidravidar Colony: Rs 701 per sq.ft (2024)
• Agathigyar Street: Rs 706 per sq.ft (2024)
• Arthanari Chettiar Lane: Rs 825 per sq.ft (2024)
• Arthanari Street: Rs 706 per sq.ft (2024)
• Arunthathiar Colony: Rs 701 per sq.ft (2024)
• Boyar Street: Rs 706 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 702 per sq.ft, the total guideline value would be Rs 7,02,000. The stamp duty at 7% would amount to Rs 49,140, and the registration fee at 2% would be Rs 14,040, bringing the total cost for these fees to Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ward - H. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Adhidravidar Street?

The current guideline value of Adhidravidar Street is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 702 per sq.ft in 2024, reflecting an overall increase of 42% over this period.

What is the median guideline value in Ward - H?

The median guideline value in Ward - H is Rs 990 per sq.ft, which means Adhidravidar Street's current value is below this median.

What are the stamp duty and registration fees for a property in Adhidravidar Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 63,180.

Where is the Sub Registrar Office for Adhidravidar Street located?

The Tiruppur Joint II Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.