Guideline Value for Adhivinayakar Kovil Street

Adhivinayakar Kovil Street guideline value

The current guideline value of Adhivinayakar Kovil Street is Rs 1,010 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village, under the Peelamedu SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Adhivinayakar Kovil Street has changed

The guideline value for Adhivinayakar Kovil Street has seen several revisions over the years. In 2002, the guideline value was Rs 429 per sq.ft, which increased to Rs 484 per sq.ft in 2003, marking a 13% rise. The value continued to rise to Rs 553 per sq.ft in 2007, representing a 14% increase. In 2012, the value was Rs 1,000 per sq.ft, which was an 81% increase from the previous revision. However, the value decreased to Rs 670 per sq.ft in 2017, reflecting a 33% drop. The value then rose significantly to Rs 1,000 per sq.ft in 2023, followed by a slight increase to Rs 1,010 per sq.ft in 2024, which is a 1% change.

Overall, from 2002 to 2024, the guideline value has increased by 135%. Notably, there are no figures available for the years not mentioned in this register for Adhivinayakar Kovil Street.

Guideline values in Sowripalayam

Sowripalayam has a total of 186 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value for these streets is Rs 2,300 per sq.ft, which means that the guideline value of Adhivinayakar Kovil Street is below this median.

• Adhi Dravidar Lane or Colony: Rs 1,000 per sq.ft (2024)
• Adhidravida Kadal Road or Adhidravidar Colony: Rs 1,000 per sq.ft (2024)
• Anantha Thiruvenkatasamy Street: Rs 2,300 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 2,300 per sq.ft (2024)
• Annamalai Nagar: Rs 2,300 per sq.ft (2024)
• Annamar Kovil Street(Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adhivinayakar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total to Rs 90,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adhivinayakar Kovil Street?

The Sub Registrar Office that covers Adhivinayakar Kovil Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sowripalayam. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official documents.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which is crucial for ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Adhivinayakar Kovil Street?

The current guideline value of Adhivinayakar Kovil Street is Rs 1,010 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 429 per sq.ft in 2002 to Rs 1,010 per sq.ft in 2024, reflecting an overall increase of 135% over this period.

What is the land classification for Adhivinayakar Kovil Street?

The land classification for Adhivinayakar Kovil Street is Residential Class II Type - III.

Where can I find the registration office for this street?

The Peelamedu Sub Registrar Office covers Adhivinayakar Kovil Street and is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is the stamp duty calculated for property in Adhivinayakar Kovil Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 70,700.