Guideline Value for Aiswarya Nagar

Aiswarya Nagar guideline value

The current guideline value of Aiswarya Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village and falls under the Vadavalli SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Aiswarya Nagar has changed

The guideline value of Aiswarya Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, the value decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The 2023 revision brought the value up to Rs 1,000 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,100 per sq.ft, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 for Aiswarya Nagar. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Aiswarya Nagar.

• Aksay Garden: Rs 1,870 per sq.ft (2024)
• Alagu Murugan Nagar: Rs 1,870 per sq.ft (2024)
• Adithya Garden Extension: Rs 1,100 per sq.ft (2024)
• Adithya Garden: Rs 1,100 per sq.ft (2024)
• Adithya Avenue: Rs 1,100 per sq.ft (2024)
• Alamara Thottam Navavoor Pirivu: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Aiswarya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that 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 Aiswarya Nagar?

Aiswarya Nagar is covered by the Vadavalli Sub Registrar Office located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vadavalli. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value ensures that the transaction is recorded at a fair value, as it reflects the government’s assessment of property worth in the area.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Aiswarya Nagar?

The current guideline value of Aiswarya Nagar 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over the years.

Where can I find the Vadavalli Sub Registrar Office?

The Vadavalli Sub Registrar Office is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What are the stamp duty charges for properties in Aiswarya Nagar?

The stamp duty for properties in Aiswarya Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

What is the land classification for Aiswarya Nagar?

The land classification for Aiswarya Nagar is Residential Class I Type - I, indicating its suitability for residential development.