Guideline Value for ARCHANA LAYOUT

Archana Layout guideline value

The current guideline value of Archana Layout is Rs 610 per sq.ft, effective from 1 July 2024. This layout is located in Veerapandi village, under the Periyanayakkan Palayam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Archana Layout has changed

In the 2023 revision, the guideline value was set at Rs 550 per sq.ft. The latest revision in 2024 has increased this value to Rs 610 per sq.ft, marking an increase of 11%. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only recorded changes in guideline value for Archana Layout are between the 2023 and 2024 revisions. The 2024 figure of Rs 610 per sq.ft is above the median value of Rs 330 per sq.ft for the 201 streets in Veerapandi under the Periyanayakkan Palayam SRO.

Guideline values in Veerapandi

Veerapandi village has a range of guideline values for its streets, with figures from Rs 220 to Rs 1,050 per sq.ft as of 2024. Archana Layout's guideline value is higher than the median of Rs 330 per sq.ft.

• Arck Residency: Rs 1,050 per sq.ft (2024)
• Arasamarathu Kinaru Street: Rs 220 per sq.ft (2024)
• Arivolli Nagar (Ward No.3): Rs 220 per sq.ft (2024)
• Arivolli Nagar (Ward No.4): Rs 220 per sq.ft (2024)
• Aruljothi Nagar: Rs 390 per sq.ft (2024)
• Anna Nagar (Ward No 7): Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Archana Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 610 per sq.ft, the total guideline value would be Rs 6,10,000. The stamp duty at 7% would be Rs 42,700, and the registration fee at 2% would be Rs 12,200, making the total charges Rs 54,900. 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 Archana Layout?

The Sub Registrar Office covering Archana Layout is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees due at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the costs associated with the transaction.

When purchasing property in Veerapandi, the guideline value serves as a benchmark for the property's worth. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Archana Layout?

The current guideline value of Archana Layout is Rs 610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 550 per sq.ft in 2023 to Rs 610 per sq.ft in 2024, marking an increase of 11%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Archana Layout?

The land classification for Archana Layout is Commercial Class I Type - I, which is relevant for determining the guideline value and registration fees.

How is stamp duty calculated for property in Archana Layout?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 42,700 based on the guideline value.

Where can I find the Sub Registrar Office for Archana Layout?

The Sub Registrar Office for Archana Layout is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.