Guideline Value for Andavar Colony

Andavar Colony guideline value

The current guideline value of Andavar Colony, located in Kuniyamuthur village under the Coimbatore South Joint 1 SRO, is Rs 1,003 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Andavar Colony has changed

The guideline value for Andavar Colony has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,000 per sq.ft, which was then revised to Rs 1,003 per sq.ft in 2024, reflecting a change of +0% between these two years.

As of the 2024 revision, the guideline value has reached Rs 1,003 per sq.ft, which is also the median value for the 410 streets in Kuniyamuthur under the Coimbatore South Joint 1 SRO, ranging from Rs 1,000 to Rs 1,550 per sq.ft.

Guideline values in Kuniyamuthur

In Kuniyamuthur, the guideline values vary across different streets. The 2024 figure for Andavar Colony is equal to the median value of Rs 1,003 per sq.ft. Below are the guideline values for other streets in Kuniyamuthur:

• Anbu Nagar: Rs 1,001 per sq.ft (2024)
• Annai Sathya Nagar: Rs 1,003 per sq.ft (2024)
• Ammasai Konar Street: Rs 1,003 per sq.ft (2024)
• Annama Naicker Street: Rs 1,000 per sq.ft (2024)
• Anna Nagar: Rs 1,001 per sq.ft (2024)
• Amman Colony: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would amount to Rs 70,210, and the registration fee at 2% would be Rs 20,060, making the total costs together Rs 90,270. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Andavar Colony?

The Sub Registrar Office that covers Andavar Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kuniyamuthur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the taxes paid are based on a fair assessment of the property's worth according to the established guidelines.

Frequently asked questions

What is the current guideline value of Andavar Colony?

The current guideline value of Andavar Colony is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Andavar Colony was Rs 1,000 per sq.ft in 2023 and increased to Rs 1,003 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Andavar Colony?

Andavar Colony is classified under Residential Class II Type - II. This classification affects the guideline value and the regulations governing property transactions in the area.

What are the stamp duty and registration fees for a property in Andavar Colony?

For a property valued at Rs 10,03,000 in Andavar Colony, the stamp duty would be Rs 70,210 and the registration fee would be Rs 20,060, totaling Rs 90,270. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Andavar Colony?

The Sub Registrar Office for Andavar Colony is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. This office handles property registrations for the area.