Guideline Value for ARIJANA COLONY-1

Arijana Colony-1 guideline value

The current guideline value of Arijana Colony-1, located in Naranapuram village under the Palladam SRO, is Rs 301 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class V Type - I land classification.

How the guideline value of Arijana Colony-1 has changed

Over the years, the guideline value of Arijana Colony-1 has seen significant changes. The earliest recorded revision was in 2012, where the guideline value was Rs 115 per sq.ft. This figure increased to Rs 77 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 300 per sq.ft, reflecting a substantial increase of 290%. The most recent revision in 2024 set the guideline value at Rs 301 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 162%, highlighting the fluctuations in property valuation over the years.

Guideline values in Naranapuram

Naranapuram village has a total of 64 streets under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 301 to Rs 1,060 per sq.ft. The median guideline value for these streets is Rs 445 per sq.ft, indicating that Arijana Colony-1's 2024 figure is below this median.

• Arijana Colony-2: Rs 301 per sq.ft (2024)
• Arijanacolony: Rs 445 per sq.ft (2024)
• Arulanatha Swamykovil Street: Rs 445 per sq.ft (2024)
• Arumuthampalayam Road: Rs 445 per sq.ft (2024)
• Annamalai Nagar: Rs 445 per sq.ft (2024)
• Avinasi Salai: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Arijana Colony-1

For a 1,000 sq.ft plot at the current guideline value of Rs 301 per sq.ft, the total guideline value would be Rs 3,01,000. The stamp duty at 7% would amount to Rs 21,070, while the registration fee at 2% would be Rs 6,020. Together, the total cost for stamp duty and registration fee would be Rs 27,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arijana Colony-1?

The Sub Registrar Office that covers Arijana Colony-1 is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Naranapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value is used to assess the transaction's legitimacy. If the sale price is lower than the guideline value, the stamp duty is calculated based on the guideline value to ensure that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Arijana Colony-1?

The current guideline value of Arijana Colony-1 is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 115 per sq.ft in 2012 to Rs 301 per sq.ft in 2024, with notable increases and a decrease in between.

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

Other streets in Naranapuram include Arijana Colony-2 at Rs 301 per sq.ft, and several others at Rs 445 per sq.ft.

What is the stamp duty and registration fee for a property in Arijana Colony-1?

The stamp duty for a 1,000 sq.ft plot at the current guideline value is Rs 21,070, and the registration fee is Rs 6,020, totaling Rs 27,090.

Where is the Sub Registrar Office for Arijana Colony-1 located?

The Palladam Sub Registrar Office is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.