Guideline Value for ARASAN NAGAR

Arasan Nagar guideline value

The current guideline value of Arasan Nagar is Rs 706 per sq.ft, effective from 1 July 2024. This area is located in Velampalayam village under the Tiruppur Joint II SRO, classified as Residential Class IV Type - I.

How the guideline value of Arasan Nagar has changed

The guideline value of Arasan Nagar has undergone several revisions over the years. In 2012, the value was Rs 325 per sq.ft, which decreased to Rs 218 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value to Rs 326 per sq.ft. The most recent revision in 2024 saw a substantial rise of 117%, setting the current guideline value at Rs 706 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 117%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. The guideline value of Arasan Nagar is below this median.

• Arijana Colony: Rs 703 per sq.ft (2024)
• A P V Nagar 1st Street: Rs 709 per sq.ft (2024)
• Appollo Agaram Avenue: Rs 709 per sq.ft (2024)
• Arivoli Veethi: Rs 705 per sq.ft (2024)
• Arivozhi Veethi Samundipuram: Rs 715 per sq.ft (2024)
• Appalo Kumaragam Avenue: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Arasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 706 per sq.ft, the total guideline value amounts to Rs 7,06,000. The stamp duty at 7% would be Rs 49,420, while the registration fee at 2% would be Rs 14,120. Together, the total cost for stamp duty and registration would be Rs 63,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arasan Nagar?

The Sub Registrar Office that covers Arasan Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Velampalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as the registration office will use this value to calculate applicable duties and fees.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and transparently. It also plays a role in calculating stamp duty and registration fees, which are essential components of the property transfer process.

Frequently asked questions

What is the current guideline value of Arasan Nagar?

The current guideline value of Arasan Nagar is Rs 706 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 325 per sq.ft in 2012 to Rs 218 per sq.ft in 2017, then to Rs 326 per sq.ft in 2023, and finally to Rs 706 per sq.ft in 2024.

What is the land classification of Arasan Nagar?

Arasan Nagar is classified as Residential Class IV Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Arasan Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for property in Arasan Nagar?

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 the current guideline value, the total stamp duty would be Rs 49,420 at a rate of 7%.