Guideline Value for C Type Aerodrome Road

C Type Aerodrome Road guideline value

The current guideline value of C Type Aerodrome Road is Rs 1,680 per sq.ft, effective from 1 July 2024. This road is located in Singanallur village under the Singanallur SRO, classified as Mixed Type - I land.

How the guideline value of C Type Aerodrome Road has changed

The guideline value for C Type Aerodrome Road has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 28 per sq.ft, which increased to Rs 32 per sq.ft in 2003. This marked a notable rise of 14%. Following this, the value surged dramatically to Rs 1,500 per sq.ft in 2012, reflecting an increase of 4588%. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,680 per sq.ft in 2024, marking a growth of 12% from the previous year. The register has no figure for this street in 2007.

Overall, from 2002 to 2024, the guideline value has increased by 5900%, showcasing the substantial changes over the years. The revisions indicate fluctuations, with the most significant rise occurring from 2003 to 2012, followed by a decrease in 2017, and subsequent increases leading to the current value.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing C Type Aerodrome Road's current guideline value above this median.

• Devendra Street east: Rs 1,120 per sq.ft (2024)
• Devendra Street south: Rs 1,680 per sq.ft (2024)
• Devendra Street vadaku: Rs 1,120 per sq.ft (2024)
• Devendra Street west: Rs 1,120 per sq.ft (2024)
• Dhaya Gardens: Rs 1,120 per sq.ft (2024)
• Chinnayathottam kudisaikal: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in C Type Aerodrome Road

For a 1,000 sq.ft plot at the current rate of Rs 1,680 per sq.ft, the guideline value amounts to Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, totaling Rs 1,51,200. 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 further assistance.

Which Sub Registrar Office covers C Type Aerodrome Road?

The Sub Registrar Office that covers C Type Aerodrome Road is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, 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 Singanallur

The guideline value is a crucial factor when buying or selling property in Singanallur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary components of the registration process.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue through taxes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of C Type Aerodrome Road?

The current guideline value of C Type Aerodrome Road is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 28 per sq.ft in 2002 and reaching Rs 1,680 per sq.ft in 2024. There have been fluctuations, including a notable increase of 4588% from 2003 to 2012.

What is the median guideline value for streets in Singanallur?

The median guideline value for streets in Singanallur is Rs 1,120 per sq.ft, with C Type Aerodrome Road's current value being above this median.

What are the stamp duty and registration fees for property in C Type Aerodrome Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,51,200, based on the current guideline value of Rs 16,80,000.

Which office handles the registration for C Type Aerodrome Road?

The Singanallur Sub Registrar Office handles the registration for C Type Aerodrome Road, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.