Guideline Value for ARIJANA COLONY

Arijana Colony guideline value

The current guideline value of Arijana Colony, located in Palladam village under the Palladam SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under Residential Class V Type - I land classification.

How the guideline value of Arijana Colony has changed

The guideline value for Arijana Colony has undergone several revisions over the years. The earliest available figure is from 2012, where it was Rs 400 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Palladam

Palladam village features a range of guideline values across its 56 streets under the Palladam SRO, with the 2024 figures ranging from Rs 440 to Rs 1,450 per sq.ft. The median value is Rs 840 per sq.ft, placing Arijana Colony's 2024 figure below this median.

• Aruljothi Nagar: Rs 840 per sq.ft (2024)
• Annanagar: Rs 780 per sq.ft (2024)
• A.V.M. Layout: Rs 840 per sq.ft (2024)
• Andal Nagar: Rs 610 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Bharathi Puram: Rs 720 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, 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 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 Palladam

The guideline value plays a crucial role in the registration process when buying or selling property in Palladam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arijana Colony?

The current guideline value of Arijana Colony is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the other guideline values in Palladam?

Other streets in Palladam have varying guideline values ranging from Rs 440 to Rs 1,450 per sq.ft, with a median value of Rs 840 per sq.ft.

What are the stamp duty and registration fees for property in Arijana Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges amount to Rs 39,600.

Where is the Sub Registrar Office for Arijana Colony located?

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