Guideline Value for Adidravidar Colony

Adidravidar Colony guideline value

The current guideline value of Adidravidar Colony is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class V Type - I.

How the guideline value of Adidravidar Colony has changed

The guideline value for Adidravidar Colony has seen significant changes over the years. The earliest recorded revision is from 2007, which set the value at Rs 100 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 402 per sq.ft in 2017, reflecting a 33% drop. The value then surged to Rs 1,000 per sq.ft in 2023, and further increased to Rs 1,006 per sq.ft in 2024, which is a 1% rise.

Notably, the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 906%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Adidravidar Colony is below this median.

• Adithya Avenue: Rs 1,100 per sq.ft (2024)
• Adithya Garden: Rs 1,100 per sq.ft (2024)
• Adithya Garden Extension: Rs 1,100 per sq.ft (2024)
• AD Colony (Ward No. 14): Rs 1,006 per sq.ft (2024)
• A.D. Colony (WARD 1): Rs 1,006 per sq.ft (2024)
• Abirami Nagar (ward No. 18): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Adidravidar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total to Rs 90,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adidravidar Colony?

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

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

When buying or selling property in Vadavalli, the guideline value is a critical factor in determining the registration fees and stamp duty payable. It serves as a benchmark for the minimum value at which the property can be registered.

Both buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. The registration fees and stamp duty are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adidravidar Colony?

The current guideline value of Adidravidar Colony is Rs 1,006 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 906% over this period.

What is the land classification for Adidravidar Colony?

Adidravidar Colony is classified as Residential Class V Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 90,540 based on the current guideline value.

Where can I find the Sub Registrar Office for Adidravidar Colony?

The Sub Registrar Office for Adidravidar Colony is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more details about your SRO online.