Guideline Value for Aerodrome nagar

Aerodrome nagar guideline value

The current guideline value of Aerodrome nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village and falls under the Singanallur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Aerodrome nagar has changed

The guideline value for Aerodrome nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure changed to Rs 670 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 1,120 per sq.ft, reflecting a 12% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

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, which indicates that Aerodrome nagar's 2024 figure is below this median.

• Aerodrome Road (SIHS Colony): Rs 1,001 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 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, making the total fees together Rs 1,00,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aerodrome nagar?

Aerodrome nagar is covered by 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 Uppilipalayam

The guideline value plays a crucial role in property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions. The registration office will refer to the guideline value to determine the fees applicable, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Aerodrome nagar?

The current guideline value of Aerodrome nagar is Rs 1,120 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 increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Aerodrome nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,20,000. The stamp duty at 7% is Rs 78,400, and the registration fee at 2% is Rs 22,400, totaling Rs 1,00,800.

Which Sub Registrar Office covers Aerodrome nagar?

The Singanallur Sub Registrar Office covers Aerodrome nagar, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

What is the land classification for Aerodrome nagar?

Aerodrome nagar is classified as Residential Class I Type - III, which indicates its designated use for residential purposes.