Guideline Value for ARASAN AVENUE

Arasan Avenue guideline value

The current guideline value of Arasan Avenue in Somayampalayam village, under the Vadavalli SRO, is Rs 550 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Arasan Avenue has changed

Looking at the revisions, the guideline value for Arasan Avenue has undergone several changes over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was followed by a decrease to Rs 335 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 500 per sq.ft in the 2023 revision, and then further increased by 10% to reach Rs 550 per sq.ft in the 2024 revision.

Between the 2017 and 2023 revisions, the value rose by 49%. From the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, indicating that Arasan Avenue's 2024 figure is below this median.

• Ananyas Nananani Phase-IV: Rs 1,650 per sq.ft (2024)
• Ananya's Garden@ Vadavalli: Rs 1,650 per sq.ft (2024)
• Ananya's Garden @ Kalappanaickenpalayam: Rs 1,650 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Balaji Nagar( S.No. 188/1a ): Rs 990 per sq.ft (2024)
• Altrons Gardens: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Arasan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000. Together, these fees total Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arasan Avenue?

The Sub Registrar Office that covers Arasan Avenue is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Somayampalayam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value may differ from the actual sale price, and the duty is charged on the higher of the two.

When registering a property, it is essential to refer to the current guideline value to ensure compliance with local regulations. This value is regularly updated, reflecting changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of Arasan Avenue?

The current guideline value of Arasan Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Arasan Avenue?

Arasan Avenue is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Arasan Avenue?

The Sub Registrar Office for Arasan Avenue is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Arasan Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000, leading to a stamp duty of Rs 38,500.