Guideline Value for ARASAMARATHU KINARU STREET

Arasamarathu Kinaru Street guideline value

The current guideline value of Arasamarathu Kinaru Street is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Veerapandi village under the Periyanayakkan Palayam SRO, classified as Residential Class III Type - V.

How the guideline value of Arasamarathu Kinaru Street has changed

The guideline value for Arasamarathu Kinaru Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 270%, raising the value to Rs 200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 220 per sq.ft, reflecting a 10% rise from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 175%, demonstrating a substantial change over the years.

Guideline values in Veerapandi

In Veerapandi, there are 201 streets under the Periyanayakkan Palayam SRO that carry a guideline value for 2024, ranging from Rs 220 to Rs 1,050 per sq.ft, with a median value of Rs 330 per sq.ft. Arasamarathu Kinaru Street's 2024 figure is below this median.

• Archana Layout: Rs 610 per sq.ft (2024)
• Arck Residency: Rs 1,050 per sq.ft (2024)
• Arivolli Nagar (Ward No.3): Rs 220 per sq.ft (2024)
• Arivolli Nagar (Ward No.4): Rs 220 per sq.ft (2024)
• Aruljothi Nagar: Rs 390 per sq.ft (2024)
• Anna Nagar (Ward No 7): Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Arasamarathu Kinaru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arasamarathu Kinaru Street?

The Sub Registrar Office that covers Arasamarathu Kinaru Street is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, within the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veerapandi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Arasamarathu Kinaru Street?

The current guideline value of Arasamarathu Kinaru Street is Rs 220 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 80 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, marking an overall increase of 175% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles property registrations for Arasamarathu Kinaru Street?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Arasamarathu Kinaru Street, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the guideline value determined for properties in Veerapandi?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It serves as the minimum value for property registration in the area.