Guideline Value for ARASILANGO STREET

Arasilango Street guideline value

The current guideline value of Arasilango Street is Rs 380 per sq.ft, effective from 1 July 2024. This street is located in Ward - B village under the Udumalpettai SRO, classified as Residential Class V Type - I.

How the guideline value of Arasilango Street has changed

The guideline value for Arasilango Street has seen several revisions over the years. In 2003, the value was Rs 85 per sq.ft, which increased significantly to Rs 350 per sq.ft by 2012. However, there was a decrease to Rs 234 per sq.ft in 2017. The value then rose to Rs 350 per sq.ft in 2023, before reaching the current rate of Rs 380 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 347%. The register for the years 2002 and 2007 has no figure for this street.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO that carry a guideline value for 2024, ranging from Rs 380 to Rs 2,020 per sq.ft, with a median value of Rs 500 per sq.ft. Arasilango Street's 2024 figure is below this median.

• Ariyar Real Estate: Rs 500 per sq.ft (2024)
• Anusham Nagar: Rs 660 per sq.ft (2024)
• Anna Street: Rs 380 per sq.ft (2024)
• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 per sq.ft (2024)
• Baseer Ahamed Layout: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arasilango Street

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value would be Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total fees to Rs 34,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arasilango Street?

The Sub Registrar Office that covers Arasilango Street is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial factor when registering property transactions in Ward - B. It determines the minimum value at which properties can be registered, influencing the stamp duty and registration fees applicable to the transaction.

When a buyer or seller engages in a property transaction, the guideline value ensures that the property is registered at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Arasilango Street?

The current guideline value of Arasilango Street is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2003 to Rs 380 per sq.ft in 2024, reflecting an overall increase of 347% over this period.

What is the registration fee for property in Arasilango Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,80,000 would incur a registration fee of Rs 7,600 at 2%.

Which Sub Registrar Office covers this street?

The Udumalpettai Sub Registrar Office covers Arasilango Street, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

What is the significance of the guideline value?

The guideline value is significant as it sets the minimum price for property registration and determines the applicable stamp duty and registration fees. It ensures that property transactions are conducted transparently and fairly.