Guideline Value for Adhithya Avenue

Adhithya Avenue guideline value

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

The guideline value for Adhithya Avenue has undergone several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in 2012. However, it saw a decrease to Rs 804 per sq.ft in 2017. The guideline value then rose to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,325 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The significant jump from 2007 to 2012 was 1100%. Overall, from 2007 to 2024, the guideline value has increased by 1225%. The register has no figures for the years 2002 and 2003 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, with a median value of Rs 1,000 per sq.ft. Adhithya Avenue's 2024 figure is above this median.

• Adhithya Avenue EXTENSION: 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

For a 1,000 sq.ft plot at the current rate of Rs 1,325 per sq.ft, the guideline value amounts to Rs 13,25,000. The stamp duty at 7% would be Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total to Rs 1,19,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhithya Avenue?

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

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

The guideline value is a critical factor in the registration process when buying or selling property in Kavundampalayam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that these costs are calculated based on a standardized value.

When a property is sold, the guideline value helps establish a fair basis for taxation and ensures compliance with local regulations. Buyers and sellers should consider the guideline value when negotiating sale prices to ensure that they meet legal requirements.

Frequently asked questions

What is the current guideline value of Adhithya Avenue?

The current guideline value of Adhithya Avenue 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 100 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, reflecting an overall increase of 1225% over the years.

What is the stamp duty rate for property in Adhithya Avenue?

The stamp duty rate for property in Adhithya Avenue is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Adhithya Avenue?

The Vadavalli Sub Registrar Office handles property registrations for Adhithya Avenue, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What are the other streets in Kavundampalayam with guideline values?

Other streets in Kavundampalayam include Adhithya Avenue EXTENSION, Advani Nagar, Abirami Nagar, Aiswariam Gardens, Aiswaryam Garden Extention, and Abbas Garden Extension, with varying guideline values.