Guideline Value for Aerodrom Rd Bharthi nagar

Aerodrom Rd Bharthi nagar guideline value

The current guideline value of Aerodrom Rd Bharthi nagar is Rs 1,120 per sq.ft. This area is located in Uppilipalayam village, under the Singanallur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Aerodrom Rd Bharthi nagar has changed

The guideline value for Aerodrom Rd Bharthi nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 230 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this value then decreased to Rs 670 per sq.ft in the 2017 revision. Following that, the 2023 revision marked a rise to Rs 1,000 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,120 per sq.ft.

Between these revisions, there have been notable changes. From 2007 to 2012, the value increased by 335%. However, from 2012 to 2017, it decreased by 33%. The value then surged by 49% from 2017 to 2023, and finally, from 2023 to 2024, it increased by 12%. Overall, from 2007 to 2024, the guideline value has risen by 387%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, placing Aerodrom Rd Bharthi nagar's 2024 figure below that median.

• Aerodrome Road (SIHS Colony): Rs 1,001 per sq.ft (2024)
• Aerodrome nagar: Rs 1,120 per sq.ft (2024)
• Adthi Dravidar Natham: Rs 1,005 per sq.ft (2024)
• Agathiar nagar / Street: Rs 1,680 per sq.ft (2024)
• Agraharam South: Rs 1,680 per sq.ft (2024)
• Ahuja Haven: Rs 2,016 per sq.ft (2024)

Stamp duty and registration fee for property in Aerodrom Rd Bharthi nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400. Together, these fees total Rs 1,00,800. 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 Aerodrom Rd Bharthi nagar?

The Sub Registrar Office that covers Aerodrom Rd Bharthi nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure that they comply with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Aerodrom Rd Bharthi nagar?

The current guideline value of Aerodrom Rd Bharthi nagar is Rs 1,120 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2007 to 2024?

From 2007 to 2024, the guideline value has increased by 387%, starting from Rs 230 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Aerodrom Rd Bharthi nagar?

For a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 and the registration fee would be Rs 22,400, totaling Rs 1,00,800.

Where can I find the Sub Registrar Office for Aerodrom Rd Bharthi nagar?

The Sub Registrar Office for Aerodrom Rd Bharthi nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How does the guideline value impact property transactions?

The guideline value impacts property transactions by serving as the minimum value for registration. It is used to calculate stamp duty and registration fees, ensuring compliance with legal standards during the sale or purchase of property.