Guideline Value for Colony Veethi (337/3)

Colony Veethi (337/3) guideline value

The current guideline value of Colony Veethi (337/3) is Rs 275 per sq.ft, effective from 1 July 2024. This property is located in Aapakudal village under the Kavundapadi SRO and is classified as Residential Class I Type - II.

How the guideline value of Colony Veethi (337/3) has changed

The guideline value for Colony Veethi (337/3) has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which set the value at Rs 30 per sq.ft. This increased significantly to Rs 250 per sq.ft in the 2012 revision, a rise of 733%. However, in the 2017 revision, the value decreased to Rs 167 per sq.ft, representing a decline of 33%. The 2023 revision maintained the value at Rs 275 per sq.ft, and this figure remains unchanged in the 2024 revision.

From 2017 to 2023, the value increased by 65%, and from 2007 to 2024, the overall increase is 817%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Aapakudal

Aapakudal village has 51 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 508 per sq.ft. The median value is Rs 275 per sq.ft, making Colony Veethi (337/3) align perfectly with this median.

• C.S.I. street (414): Rs 200 per sq.ft (2024)
• Chenguttai Road (47/7,50/8,87/3): Rs 275 per sq.ft (2024)
• Elango Street(11/2): Rs 300 per sq.ft (2024)
• Gandhiji Street (4/6,7,11,12,13): Rs 200 per sq.ft (2024)
• Gandhi Nagar (336/2): Rs 326 per sq.ft (2024)
• Bhavani Road to Sathy Road Anthiyur Road Four Road (14/8,9,10,11,12,13,15,27/12,16,17,21,22,28/6,7,12,13,19,20,51/1 to 8,56/1 to 15,60/1,2,3,4,9): Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Colony Veethi (337/3)

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty, charged at 7%, would be Rs 19,250, while the registration fee at 2% would be Rs 5,500. Therefore, the total cost for stamp duty and registration would be Rs 24,750. 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 Colony Veethi (337/3)?

The Sub Registrar Office that covers Colony Veethi (337/3) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Aapakudal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standard valuation rather than individual sale prices.

When buying or selling property, the guideline value is used to determine the legal value of the property for registration purposes. This means that buyers should be aware of the guideline value in their area to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Colony Veethi (337/3)?

The current guideline value of Colony Veethi (337/3) is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, with various fluctuations in between, including a peak of Rs 250 per sq.ft in 2012 and a decline to Rs 167 per sq.ft in 2017.

What is the land classification for Colony Veethi (337/3)?

Colony Veethi (337/3) is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the other streets with guideline values in Aapakudal?

Other streets in Aapakudal include C.S.I. street at Rs 200 per sq.ft, Chenguttai Road at Rs 275 per sq.ft, Elango Street at Rs 300 per sq.ft, Gandhiji Street at Rs 200 per sq.ft, and Gandhi Nagar at Rs 326 per sq.ft.

Where is the Kavundapadi Sub Registrar Office located?

The Kavundapadi Sub Registrar Office is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone, and it is responsible for property registrations in the area.