Guideline Value for ARASAPPAN STREET

Arasappan Street guideline value

The current guideline value of Arasappan Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Anaimalai village, under the Anaimalai SRO, and is classified as Residential Class II Type - III.

How the guideline value of Arasappan Street has changed

The guideline value for Arasappan Street has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 65 per sq.ft. This increased to Rs 200 per sq.ft in 2012, marking a significant rise of 208%. However, in 2017, the value decreased to Rs 134 per sq.ft, a drop of 33%. The value then rose again to Rs 200 per sq.ft in both 2023 and 2024, with no change between these two years.

It is important to note that the register has no figures for Arasappan Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 208%.

Guideline values in Anaimalai

In Anaimalai, there are 144 streets under the Anaimalai SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 826 per sq.ft, with a median value of Rs 326 per sq.ft. Arasappan Street's 2024 figure is below this median.

• Anumandarayar Kovil Street: Rs 326 per sq.ft (2024)
• Asiriyar Manra Nagar: Rs 350 per sq.ft (2024)
• Atruppathai: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 234 per sq.ft (2024)
• Bright Garden: Rs 326 per sq.ft (2024)
• Brindavan Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Arasappan 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. It is important to note that 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 Arasappan Street?

The Sub Registrar Office that covers Arasappan Street is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, 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 Anaimalai

The guideline value is a crucial factor during the registration of property transactions in Anaimalai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property transfer.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arasappan Street?

The current guideline value of Arasappan 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 several times, starting from Rs 65 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then dropping to Rs 134 per sq.ft in 2017, and returning to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of Arasappan Street?

Arasappan Street is classified as Residential Class II Type - III, indicating its suitability for residential development.

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

The Sub Registrar Office for Arasappan Street is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.

How is the stamp duty calculated for property in Arasappan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.