Guideline Value for ARIJANA COLONY-2

Arijana Colony-2 guideline value

The current guideline value of Arijana Colony-2 in Naranapuram village, under the Palladam SRO, is Rs 301 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I.

How the guideline value of Arijana Colony-2 has changed

The guideline value for Arijana Colony-2 has undergone several revisions over the years. The earliest recorded value was Rs 115 per sq.ft in 2012, which decreased to Rs 77 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 300 per sq.ft in 2023, and it has now been revised to Rs 301 per sq.ft in 2024. The register has no figure for the years 2002, 2003, and 2007.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 290%. Overall, from 2012 to 2024, the guideline value has increased by 162%.

Guideline values in Naranapuram

Naranapuram features 64 streets under the Palladam SRO, with guideline values ranging from Rs 301 to Rs 1,060 per sq.ft. The median value for these streets is Rs 445 per sq.ft, placing Arijana Colony-2's 2024 figure below this median.

• Arijana Colony-1: 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-2

For a 1,000 sq.ft plot at the current rate of Rs 301 per sq.ft, the guideline value amounts to Rs 3,01,000. The stamp duty at 7% would be Rs 21,070, and the registration fee at 2% would be Rs 6,020, totaling Rs 27,090. 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 Arijana Colony-2?

The Sub Registrar Office covering Arijana Colony-2 is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Naranapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and consistency in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Arijana Colony-2?

The current guideline value of Arijana Colony-2 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 from Rs 115 per sq.ft in 2012 to Rs 301 per sq.ft in 2024, with various revisions in between.

What is the land classification for Arijana Colony-2?

Arijana Colony-2 is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Arijana Colony-2 is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How is stamp duty calculated for properties in Arijana Colony-2?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,01,000, the stamp duty would be Rs 21,070 at 7%.