Guideline Value for Adi Dravidar Street

Adi Dravidar Street guideline value

The current guideline value of Adi Dravidar Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Ward-3 village under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Adi Dravidar Street has changed

The guideline value for Adi Dravidar Street has seen several revisions over the years. The 2007 revision set the value at Rs 560 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, there was a decrease in the value to Rs 603 per sq.ft in the 2017 revision. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,000 per sq.ft, indicating no change between these two years. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the value increased by 66%, and from 2012 to 2017, it decreased by 33%. The value rose by 61% from 2007 to 2012. Overall, from 2007 to 2024, there has been a total increase of 79% in the guideline value for this street.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,800 per sq.ft. Adi Dravidar Street's 2024 figure is below this median.

• Angalamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Annai Abirami Nagar: Rs 2,000 per sq.ft (2024)
• Arul jothi Nagar: Rs 2,000 per sq.ft (2024)
• Ashok Nagar: Rs 2,000 per sq.ft (2024)
• Ayyasamay Koil Street: Rs 1,800 per sq.ft (2024)
• Batharakaliamman Kovil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Adi Dravidar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Adi Dravidar Street?

The Sub Registrar Office that covers Adi Dravidar Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-3

The guideline value is a crucial factor in the registration process for property transactions in Ward-3. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Adi Dravidar Street?

The current guideline value of Adi Dravidar Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 560 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 79% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles property registrations for Adi Dravidar Street?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations for Adi Dravidar Street.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties, which affects the stamp duty and registration fees during transactions in Ward-3.