Guideline Value for Adhithya Avenue EXTENSION

Adhithya Avenue EXTENSION guideline value

The current guideline value of Adhithya Avenue EXTENSION is Rs 1,325 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Adhithya Avenue EXTENSION has changed

The guideline value for Adhithya Avenue EXTENSION has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the guideline value at Rs 1,325 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between the revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, the value increased by 49%; and from 2023 to 2024, it increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Adhithya Avenue EXTENSION above that median.

• Adhithya Avenue: Rs 1,325 per sq.ft (2024)
• Advani Nagar: Rs 1,020 per sq.ft (2024)
• Abirami Nagar: Rs 1,325 per sq.ft (2024)
• Aiswariam Gardens: Rs 1,015 per sq.ft (2024)
• Aiswaryam Garden Extention: Rs 1,015 per sq.ft (2024)
• Abbas Garden Extension: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Adhithya Avenue EXTENSION

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total charges to Rs 1,19,250. 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 for more detailed calculations.

Which Sub Registrar Office covers Adhithya Avenue EXTENSION?

The Sub Registrar Office that covers Adhithya Avenue EXTENSION is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. For more information, you can find your SRO.

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

When buying or selling property in Kavundampalayam, the guideline value is a crucial factor as it determines the amount of stamp duty and registration fees payable. This value is set by the Registration Department and is regularly revised to reflect market conditions.

During the registration process, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential for buyers and sellers to be informed about the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Adhithya Avenue EXTENSION?

The current guideline value of Adhithya Avenue EXTENSION is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,325 per sq.ft in 2024.

What is the land classification for Adhithya Avenue EXTENSION?

Adhithya Avenue EXTENSION is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Adhithya Avenue EXTENSION is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,25,000, the stamp duty would be calculated at 7% of that amount.