Guideline Value for Adithya Gardens

Adithya Gardens guideline value

The current guideline value of Adithya Gardens is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Peedampalli village and falls under the Singanallur SRO, classified as Residential Class I Type - I.

How the guideline value of Adithya Gardens has changed

Over the years, the guideline value of Adithya Gardens has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 201 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 220 per sq.ft, marking a 9% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 50%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peedampalli

In Peedampalli, there are 156 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 110 to Rs 1,050 per sq.ft. The median value for these streets is Rs 165 per sq.ft, making the guideline value of Adithya Gardens above the median.

• Abirami Nagar: Rs 140 per sq.ft (2024)
• Abi Gardens: Rs 165 per sq.ft (2024)
• Aadithya Nagar: Rs 330 per sq.ft (2024)
• Amman Nagar: Rs 220 per sq.ft (2024)
• Amman Sakthi Nagar: Rs 220 per sq.ft (2024)
• Annai Ganga Nair Township 1 to 4: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Adithya Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the 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 Adithya Gardens?

The Sub Registrar Office that covers Adithya Gardens is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Peedampalli, the guideline value influences the stamp duty and registration fees, which are calculated based on this value.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. The guideline value serves as a benchmark for property pricing, ensuring transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Adithya Gardens?

The current guideline value of Adithya Gardens is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increasing to Rs 201 per sq.ft in 2023, and finally reaching Rs 220 per sq.ft in 2024.

What is the land classification of Adithya Gardens?

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

What are the stamp duty and registration fees for properties in Adithya Gardens?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800 for these fees.

Which Sub Registrar Office handles registrations for Adithya Gardens?

The Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, is responsible for handling registrations for Adithya Gardens.