Guideline Value for Aerodrome Road (SIHS Colony)

Aerodrome Road (SIHS Colony) guideline value

The current guideline value of Aerodrome Road (SIHS Colony) in Uppilipalayam village is Rs 1,001 per sq.ft, effective from 1 July 2024. This area falls under the jurisdiction of the Singanallur SRO and is classified as Residential Class II Type - I.

How the guideline value of Aerodrome Road (SIHS Colony) has changed

The guideline value for Aerodrome Road (SIHS Colony) has undergone several revisions over the years. In 2007, the guideline value was Rs 230 per sq.ft. This figure increased significantly to Rs 875 per sq.ft in 2012, marking a 280% rise. However, it then decreased to Rs 586 per sq.ft in 2017, reflecting a decline of 33%. The value continued to rise, reaching Rs 1,000 per sq.ft in 2023, and has now stabilized at Rs 1,001 per sq.ft in the 2024 revision, showing no change from the previous year.

It is important to note that there are no registered figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 335%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that have a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft, with a median value of Rs 1,232 per sq.ft. The guideline value for Aerodrome Road (SIHS Colony) is below this median.

• Aerodrome nagar: Rs 1,120 per sq.ft (2024)
• Aerodrom Rd Bharthi 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 Aerodrome Road (SIHS Colony)

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value would be Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. 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 details.

Which Sub Registrar Office covers Aerodrome Road (SIHS Colony)?

The Sub Registrar Office that covers Aerodrome Road (SIHS Colony) 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 an essential factor in property registration in Uppilipalayam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When selling property, the guideline value helps establish a fair price for the transaction. It reflects the official valuation of the land, which is crucial for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Aerodrome Road (SIHS Colony)?

The current guideline value of Aerodrome Road (SIHS Colony) is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of 335% over the years.

What is the land classification of Aerodrome Road (SIHS Colony)?

Aerodrome Road (SIHS Colony) is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Aerodrome Road (SIHS Colony) is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000.