Guideline Value for ARAFA GARDEN

Arafa Garden guideline value

The current guideline value of Arafa Garden is Rs 226 per sq.ft, effective from 1 July 2024. This property is located in Zaminuthukuzhi village under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Arafa Garden has changed

Over the years, the guideline value of Arafa Garden has seen several revisions. The 2012 revision set the value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in the 2017 revision. Following this, the value increased by 50% to Rs 226 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 226 per sq.ft, showing no change 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 remained stable, with an overall change of +0%.

Guideline values in Zaminuthukuzhi

In Zaminuthukuzhi, there are 58 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 501 per sq.ft. The median value is Rs 226 per sq.ft, which is equal to the guideline value of Arafa Garden.

• Aranmanai Street: Rs 226 per sq.ft (2024)
• Arunthatiyar Street: Rs 200 per sq.ft (2024)
• Asariyar Street: Rs 226 per sq.ft (2024)
• Angappa Pillai Lane: Rs 226 per sq.ft (2024)
• Bangalaw Road: Rs 226 per sq.ft (2024)
• Bodipalayam Road: Rs 226 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 226 per sq.ft, the total guideline value would be Rs 2,26,000. The stamp duty at 7% would amount to Rs 15,820, and the registration fee at 2% would be Rs 4,520, leading to a total cost of Rs 20,340. 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 covering Arafa Garden is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Zaminuthukuzhi. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher amount between the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arafa Garden?

The current guideline value of Arafa Garden is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023 and remained the same in 2024.

Are there any revisions without figures for Arafa Garden?

Yes, the register has no figures for Arafa Garden in the years 2002, 2003, and 2007.

What are the guideline values for other streets in Zaminuthukuzhi?

Other streets in Zaminuthukuzhi have guideline values ranging from Rs 200 to Rs 501 per sq.ft, with a median value of Rs 226 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. The total fees are based on the higher of the guideline value or the sale price.