Guideline Value for ARASAMARA STREET

Arasamara Street guideline value

The current guideline value of Arasamara Street is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Krinshnarayapuram village, under the Peelamedu SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arasamara Street has changed

The guideline value for Arasamara Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and finally, the current 2024 revision has it at Rs 1,005 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between these revisions, the changes are as follows: from 2017 to 2023, there was a significant increase of 49%. The 2012 to 2017 revision saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Krinshnarayapuram

Krinshnarayapuram has 57 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,005 per sq.ft, which is the same as the current value for Arasamara Street.

• A.R.Subbiah Naidu Street: Rs 1,005 per sq.ft (2024)
• A.T.R.Nagar: Rs 1,005 per sq.ft (2024)
• Avarampalayam Main Road: Rs 1,870 per sq.ft (2024)
• Avarampalayam Thennanthope Road: Rs 1,870 per sq.ft (2024)
• Avinashi Road: Rs 6,600 per sq.ft (2024)
• Balasundaram Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Arasamara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, while the registration fee at 2% would be Rs 20,100. Together, the total cost for these fees would be Rs 90,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arasamara Street?

The Sub Registrar Office that covers Arasamara Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, within the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Krinshnarayapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps in assessing the legal value of the property, ensuring that the transaction is properly documented and taxed according to the prevailing rates. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arasamara Street?

The current guideline value of Arasamara Street is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,000 in 2012 to Rs 670 in 2017, then back to Rs 1,000 in 2023, and currently stands at Rs 1,005 in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the stamp duty for properties on Arasamara Street?

The stamp duty for properties on Arasamara Street is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,05,000 would incur a stamp duty of Rs 70,350.

Where can I find the Sub Registrar Office for Arasamara Street?

The Sub Registrar Office for Arasamara Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more details online.

What is the land classification for Arasamara Street?

Arasamara Street is classified as Residential Class II Type - I, which indicates the type of development and usage permitted in the area.