Guideline Value for ARICHANA COLONY

Arichana Colony guideline value

The current guideline value of Arichana Colony, located in Chettipalayam village under the Tiruppur Joint I SRO, is Rs 701 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Arichana Colony has changed

The guideline value for Arichana Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then increased to Rs 134 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 423%, reaching Rs 701 per sq.ft in 2023, which remained unchanged in the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 251%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft, with a median value of Rs 703 per sq.ft. The guideline value of Arichana Colony is below this median.

• A P R Nagar: Rs 703 per sq.ft (2024)
• Annpoorna Layout: Rs 700 per sq.ft (2024)
• Anna Nagar West: Rs 703 per sq.ft (2024)
• A.S.M.Colony: Rs 703 per sq.ft (2024)
• A.S.M.Nagar Exn: Rs 704 per sq.ft (2024)
• A.S.M.R Garden: Rs 835 per sq.ft (2024)

Stamp duty and registration fee for property in Arichana Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, making the total cost for these fees Rs 63,090. 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 Arichana Colony?

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

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

The guideline value is a crucial factor in property transactions in Chettipalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process. Buyers and sellers must refer to the guideline value to ensure compliance with the legal requirements for property registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This process helps maintain transparency and fairness in real estate dealings.

Frequently asked questions

What is the current guideline value of Arichana Colony?

The current guideline value of Arichana Colony is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 701 per sq.ft in 2024, marking an overall increase of 251% across the revisions.

What is the classification of land in Arichana Colony?

Arichana Colony is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Arichana Colony?

The Sub Registrar Office covering Arichana Colony is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for property transactions in Arichana Colony?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 63,090.