Guideline Value for Adithya Garden Extension

Adithya Garden Extension guideline value

The current guideline value for Adithya Garden Extension is Rs 1,100 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 I Type - I.

How the guideline value of Adithya Garden Extension has changed

The guideline value for Adithya Garden Extension has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,000 per sq.ft. This figure was then revised to Rs 670 per sq.ft in 2017, showing a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft. Adithya Garden Extension's 2024 figure aligns with this median.

• Adithya Garden: Rs 1,100 per sq.ft (2024)
• Adithya Avenue: Rs 1,100 per sq.ft (2024)
• Adidravidar Colony: Rs 1,006 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)
• Aiswarya Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Adithya Garden Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adithya Garden Extension?

The Sub Registrar Office that covers Adithya Garden Extension is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadavalli. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue through stamp duty and registration fees.

When a property is sold, the guideline value will be compared to the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Adithya Garden Extension?

The current guideline value for Adithya Garden Extension is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Adithya Garden Extension?

Adithya Garden Extension is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Adithya Garden Extension is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more information through the provided link.

How is the stamp duty calculated for properties in Adithya Garden Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.