Guideline Value for ARAIYATTY (465,466,464,473)

Araiyatty (465,466,464,473) guideline value

The current guideline value for Araiyatty (465,466,464,473) is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Kotagiri -1 village under the Kothagiri SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Araiyatty (465,466,464,473) has changed

Since the 2017 revision, the guideline value for Araiyatty has increased from Rs 201 per sq.ft to Rs 300 per sq.ft in both the 2023 and 2024 revisions, marking a total increase of 49%. The 2023 revision maintained the same rate of Rs 300 per sq.ft as the 2024 revision, indicating no change in the guideline value from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The only revisions with figures are from 2017, 2023, and 2024, showing a clear upward trend of 49% from 2017 to 2024.

Guideline values in Kotagiri -1

In Kotagiri -1, there are 79 streets under the Kothagiri SRO that have a 2024 guideline value ranging from Rs 200 to Rs 825 per sq.ft, with the median being Rs 300 per sq.ft. The guideline value for Araiyatty (465,466,464,473) aligns with this median at Rs 300 per sq.ft.

• Annodai, Kamaraj Nagar (154,155,156,157,158,159,160): Rs 200 per sq.ft (2024)
• Avenu Road (1134,1135,1142,1144,1147): Rs 200 per sq.ft (2024)
• Ambathkar Nagar (886,887): Rs 200 per sq.ft (2024)
• Barthi Nagar (823,838): Rs 200 per sq.ft (2024)
• Bazzar Mariamman Kovil (1032,1033,1034): Rs 715 per sq.ft (2024)
• Benthatty (726,727,728,729,730): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Araiyatty (465,466,464,473)

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Araiyatty (465,466,464,473)?

The Sub Registrar Office covering Araiyatty (465,466,464,473) is the Kothagiri Sub Registrar Office, located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kotagiri -1

The guideline value is a crucial factor when registering property transactions in Kotagiri -1. It serves as a basis for calculating stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value for taxation purposes. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Araiyatty?

The current guideline value for Araiyatty (465,466,464,473) is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by 49%, moving from Rs 201 per sq.ft to Rs 300 per sq.ft. The 2023 revision maintained the same rate as the 2024 revision.

What is the land classification for Araiyatty?

Araiyatty (465,466,464,473) falls under the Residential Class I Type - I land classification. This classification is important for determining the appropriate uses and regulations for the property.

Where can I find the Kothagiri Sub Registrar Office?

The Kothagiri Sub Registrar Office is located at Mission Compound, Kothagiri -643 217, Coimbatore registration zone. This office handles property registrations in the area.

How is stamp duty calculated for properties in Araiyatty?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.