Guideline Value for ARIJANA COLONY

Arijana Colony guideline value

The current guideline value of Arijana Colony, located in Vadugapalayam 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 has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This figure was revised in 2017 to Rs 167 per sq.ft, reflecting a decrease of 33%. The next revision in 2023 saw the guideline value rise to Rs 300 per sq.ft, followed by a slight increase to Rs 301 per sq.ft in 2024, which is a change of 0% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 20%. The most significant change occurred between the 2017 and 2023 revisions, with an increase of 80% during that period.

Guideline values in Vadugapalayam

In Vadugapalayam, there are 27 streets under the Palladam SRO that carry a 2024 guideline value ranging from Rs 301 to Rs 840 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Arijana Colony's 2024 figure below that median.

• Ayyan Anga Muthu Nager: Rs 780 per sq.ft (2024)
• Anadha Poyan Street: Rs 500 per sq.ft (2024)
• Bajanai Kovil Street: Rs 380 per sq.ft (2024)
• Bharathiyar Street: Rs 500 per sq.ft (2024)
• Chinnaiya Garden: Rs 840 per sq.ft (2024)
• Chinniyagounder Street: Rs 500 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 301 per sq.ft, the total 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, bringing the total charges to Rs 27,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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 Vadugapalayam

The guideline value plays a crucial role in the registration process when buying or selling property in Vadugapalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the current guideline value is essential for both buyers and sellers to accurately assess their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Arijana Colony?

The current guideline value of Arijana Colony 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 250 in 2012 to Rs 167 in 2017, then increased to Rs 300 in 2023, and finally to Rs 301 in 2024. Overall, this represents a 20% increase from 2012 to 2024.

What is the land classification for Arijana Colony?

Arijana Colony is classified as Residential Class V Type - I. This classification indicates the type of development and usage permitted in the area.

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

The Sub Registrar Office for Arijana Colony is located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find more information by visiting the relevant links.

How is stamp duty calculated for properties in Arijana Colony?

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