Guideline Value for ARASUPANIYALAR NAGAR

Arasupaniyalar Nagar guideline value

The current guideline value of Arasupaniyalar Nagar is Rs 280 per sq.ft, effective from 1 July 2024. This area is located in Chettipalayam village, under the Kinathukkadavu SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arasupaniyalar Nagar has changed

The guideline value for Arasupaniyalar Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 35 per sq.ft. This value increased significantly to Rs 250 per sq.ft in 2012, marking a rise of 614%. However, it then decreased to Rs 167 per sq.ft in 2017, representing a decline of 33%. The value increased again to Rs 250 per sq.ft in 2023, and then to the current Rs 280 per sq.ft in 2024, reflecting a 12% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 700%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Chettipalayam

In Chettipalayam village, there are 158 streets under the Kinathukkadavu SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 680 per sq.ft. The median value for these streets is Rs 280 per sq.ft, which is the same as the guideline value for Arasupaniyalar Nagar.

• Archid Paradise: Rs 280 per sq.ft (2024)
• Arijana Kalani: Rs 225 per sq.ft (2024)
• Arputham Nagar: Rs 280 per sq.ft (2024)
• Anumandharayar Koil Street: Rs 280 per sq.ft (2024)
• Annan Nagar: Rs 225 per sq.ft (2024)
• Annai Nagar: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Arasupaniyalar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 280 per sq.ft, the guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, totaling Rs 25,200. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arasupaniyalar Nagar?

The Sub Registrar Office that covers Arasupaniyalar Nagar is the Kinathukkadavu Sub Registrar Office, located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial reference point for property transactions in Chettipalayam. It is used to determine the stamp duty and registration fees during the buying or selling process. The higher of the guideline value and the sale price will be considered for these calculations.

When registering a property, it is essential to be aware of the guideline value as it ensures compliance with local regulations and helps avoid any potential disputes regarding property valuation. The guideline value provides a standardized basis for assessing property transactions in the area.

Frequently asked questions

What is the current guideline value of Arasupaniyalar Nagar?

The current guideline value of Arasupaniyalar Nagar is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 35 per sq.ft in 2007 to Rs 280 per sq.ft in 2024, showing an overall increase of 700% over the years.

What are the other streets in Chettipalayam with their guideline values?

Other streets in Chettipalayam include Archid Paradise and Arputham Nagar at Rs 280 per sq.ft, Arijana Kalani and Annan Nagar at Rs 225 per sq.ft, and Anumandharayar Koil Street and Annai Nagar at Rs 280 per sq.ft.

Where can I find the Kinathukkadavu Sub Registrar Office?

The Kinathukkadavu Sub Registrar Office is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is the stamp duty calculated for properties in Arasupaniyalar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,80,000, the stamp duty would be Rs 19,600.