Guideline Value for ARIJANA COLONY

Arijana Colony guideline value

The current guideline value of Arijana Colony in Othakkalmandapam village is Rs 560 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Kinathukkadavu SRO and is classified as Residential Special Type - I.

How the guideline value of Arijana Colony has changed

The guideline value for Arijana Colony has seen significant changes over the years. In 2007, the value was Rs 90 per sq.ft, which increased dramatically to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The 2023 revision saw a rise to Rs 500 per sq.ft, followed by a further increase to Rs 560 per sq.ft in 2024, marking a 12% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 522%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

Guideline values in Othakkalmandapam

In Othakkalmandapam, there are 110 streets under the Kinathukkadavu SRO that carry a guideline value for 2024, ranging from Rs 225 to Rs 1,010 per sq.ft. The median value is Rs 560 per sq.ft, which is the same as the guideline value for Arijana Colony.

• Annamar Koil Street: Rs 340 per sq.ft (2024)
• Ayya Gounder Street: Rs 225 per sq.ft (2024)
• Azhagumuthu Gounder Street: Rs 340 per sq.ft (2024)
• Bajanai Koil Street: Rs 340 per sq.ft (2024)
• Barathiar Street: Rs 340 per sq.ft (2024)
• Bathrakaliyamman Koil St: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Arijana Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value amounts to Rs 5,60,000. The stamp duty at 7% would be Rs 39,200, and the registration fee at 2% would be Rs 11,200, bringing the total charges to Rs 50,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arijana Colony?

The Sub Registrar Office that covers Arijana Colony 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 more details.

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

The guideline value is an essential factor when registering property transactions in Othakkalmandapam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When a property is sold, the guideline value is used to determine the minimum value for registration, which can affect the overall costs involved in the transaction. Buyers and sellers should 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?

The current guideline value of Arijana Colony is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2007 to Rs 560 per sq.ft in 2024, with various revisions occurring in between.

What is the classification of land in Arijana Colony?

The land in Arijana Colony is classified as Residential Special Type - I.

Where is the Kinathukkadavu Sub Registrar Office located?

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

How is stamp duty calculated for properties in Arijana Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 5,60,000, the stamp duty would be Rs 39,200 at 7%.