Guideline Value for CIVIL AERODROME ROAD

Civil Aerodrome Road guideline value

The current guideline value of Civil Aerodrome Road is Rs 2,020 per sq.ft, effective from 1 July 2024. This road is located in Kalapatty_west village under the Gandhipuram SRO, classified as Residential Special Type - I.

How the guideline value of Civil Aerodrome Road has changed

The guideline value for Civil Aerodrome Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,020 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, marking a change of +12%. Prior to that, the 2017 revision recorded a value of Rs 1,206 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +67%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that have a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,060 per sq.ft, placing Civil Aerodrome Road's 2024 value above the median.

• C.N.Vasantham Nagar (Kalappatti): Rs 1,050 per sq.ft (2024)
• College Nagar: Rs 1,050 per sq.ft (2024)
• Chitra -Kalappatti Road: Rs 1,555 per sq.ft (2024)
• Cotton City: Rs 1,055 per sq.ft (2024)
• Cri Nagar: Rs 1,050 per sq.ft (2024)
• C.R.I.Nagar (Valiyampalayam): Rs 1,050 per sq.ft (2024)

Stamp duty and registration fee for property in Civil Aerodrome Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,020 per sq.ft, the total guideline value would be Rs 20,20,000. The stamp duty at 7% would amount to Rs 1,41,400, and the registration fee at 2% would be Rs 40,400, bringing the total fees together to Rs 1,81,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Civil Aerodrome Road?

The Civil Aerodrome Road is covered by the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property. It is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Civil Aerodrome Road?

The current guideline value of Civil Aerodrome Road is Rs 2,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 2,020 per sq.ft in 2024, marking an overall increase of +67% during this period.

What is the land classification for Civil Aerodrome Road?

Civil Aerodrome Road is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties on Civil Aerodrome Road?

The stamp duty rate for properties on Civil Aerodrome Road is 7%, based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Civil Aerodrome Road?

The Sub Registrar Office covering Civil Aerodrome Road is the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station in Coimbatore.