Guideline Value for ARANMANAI STREET

Aranmanai Street guideline value

The current guideline value of Aranmanai Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Samathur village, under the Pollachi SRO, and falls under the Residential Class III Type - V land classification.

How the guideline value of Aranmanai Street has changed

The guideline value for Aranmanai Street has seen several revisions over the years. In 2002, the value was Rs 27 per sq.ft, which increased to Rs 45 per sq.ft in 2007. Following that, the value rose to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have kept the value at Rs 200 per sq.ft, showing no change between these two years. The register has no figure for this street in 2003.

From 2017 to 2023, the guideline value increased by 199%, while from 2012 to 2017, it decreased by 33%. The value saw a significant rise of 122% from 2007 to 2012 and an increase of 67% from 2002 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 641%.

Guideline values in Samathur

In Samathur village, there are 30 streets under the Pollachi SRO that carry a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Aranmanai Street's 2024 figure is equal to this median.

• Higher Secondary School Street: Rs 200 per sq.ft (2024)
• Kudi Kinar Street: Rs 200 per sq.ft (2024)
• Madurai Veeran Kovil Street: Rs 200 per sq.ft (2024)
• Main Road: Rs 200 per sq.ft (2024)
• Mani Nagar: Rs 200 per sq.ft (2024)
• New Harijana Colony Street 1: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aranmanai Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aranmanai Street?

The Sub Registrar Office that covers Aranmanai Street 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 here.

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

The guideline value is an important factor in property transactions in Samathur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must consider this value to ensure compliance with legal requirements during the property transfer process.

When a property is sold, the guideline value serves as a benchmark for calculating various fees, ensuring that the transaction is recorded at a fair value according to government standards. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Aranmanai Street?

The current guideline value of Aranmanai Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 27 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, showing an overall increase of 641% over the years.

What is the registration office for Aranmanai Street?

The registration office for Aranmanai Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is stamp duty calculated for properties in Samathur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, if the guideline value is Rs 2,00,000, the stamp duty would be 7% of that amount.

Are there other streets in Samathur with the same guideline value?

Yes, there are several other streets in Samathur that also have a guideline value of Rs 200 per sq.ft as of 2024, including Higher Secondary School Street, Kudi Kinar Street, and others.