Guideline Value for ARAFA GARDEN

Arafa Garden guideline value

The current guideline value of Arafa Garden is Rs 1,020 per sq.ft, effective from 1 July 2024. This property is located in Anupparpalayam village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class II Type - III.

How the guideline value of Arafa Garden has changed

The guideline value for Arafa Garden has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 450 per sq.ft. This figure increased to Rs 301 per sq.ft in the 2017 revision, which was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 232%, reaching Rs 1,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,020 per sq.ft, marking a 2% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 127%.

Guideline values in Anupparpalayam

In Anupparpalayam, there are 44 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,400 per sq.ft, with a median value of Rs 1,025 per sq.ft. The guideline value for Arafa Garden is below this median.

• Anupparpalayam Thotta Salaigal: Rs 1,010 per sq.ft (2024)
• Arputham Nagar: Rs 1,015 per sq.ft (2024)
• Anbu Nagar: Rs 1,010 per sq.ft (2024)
• Alif Avenue: Rs 1,055 per sq.ft (2024)
• Bharath Nagar: Rs 1,060 per sq.ft (2024)
• Bismi Nagar: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Arafa Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, making the total cost for these fees Rs 91,800. It is important to note that the 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 Arafa Garden?

The Sub Registrar Office that covers Arafa Garden is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Anupparpalayam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This is done to ensure that the transaction is legally compliant and that the government receives its due share from property sales.

Frequently asked questions

What is the current guideline value of Arafa Garden?

The current guideline value of Arafa Garden is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 450 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, marking an overall increase of 127% over this period.

What is the median guideline value in Anupparpalayam?

The median guideline value in Anupparpalayam is Rs 1,025 per sq.ft, based on the 2024 figures of 44 streets in the area.

How is stamp duty calculated in Arafa Garden?

Stamp duty in Arafa Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,20,000, the stamp duty would be Rs 71,400.

Where can I find more information on the Sub Registrar Office?

The Sub Registrar Office covering Arafa Garden is located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001. More information can be found by visiting the find your SRO page.