Guideline Value for ARIJANA COLONY

Arijana Colony guideline value

The current guideline value of Arijana Colony, located in Velampalayam village under the Tiruppur Joint II SRO, is Rs 703 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

Over the years, the guideline value of Arijana Colony has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a 67% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 167 per sq.ft. The subsequent revision in 2023 saw a significant increase to Rs 300 per sq.ft, which was further raised to Rs 703 per sq.ft in the 2024 revision, reflecting a remarkable 134% increase.

From the 2017 revision to the 2023 revision, there was an 80% increase. Overall, from the 2007 revision to the current 2024 value, the guideline value has increased by 369%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that have a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft, with a median value of Rs 711 per sq.ft. The guideline value of Arijana Colony is below this median.

• Arivoli Veethi: Rs 705 per sq.ft (2024)
• Arivozhi Veethi Samundipuram: Rs 715 per sq.ft (2024)
• Arasan Nagar: Rs 706 per sq.ft (2024)
• A P V Nagar 1st Street: Rs 709 per sq.ft (2024)
• Appollo Agaram Avenue: Rs 709 per sq.ft (2024)
• Arumaikaran Thottam: Rs 715 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 703 per sq.ft, the total guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210, while the registration fee at 2% would be Rs 14,060. Together, the total cost for stamp duty and registration would be Rs 63,270. It is important to note that 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?

The Sub Registrar Office that covers Arijana Colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Velampalayam. When buying or selling property, this value is essential for calculating the stamp duty and registration fees that must be paid during the registration process.

It is important to ensure that the sale price is equal to or greater than the guideline value, as the duty is charged on the higher amount. This ensures that all property transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arijana Colony?

The current guideline value of Arijana Colony is Rs 703 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2007 to Rs 703 per sq.ft in 2024, marking an overall increase of 369% over the years.

What is the land classification of Arijana Colony?

Arijana Colony is classified as Residential Class V Type - I, indicating its designation for residential use.

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

The Sub Registrar Office for Arijana Colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for properties in Arijana Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 7,03,000, with the stamp duty at 7% amounting to Rs 49,210.