Guideline Value for ARIJANA KALANI

Arijana Kalani guideline value

The current guideline value of Arijana Kalani is Rs 225 per sq.ft, effective from 1 July 2024. This property is located in Chettipalayam village, under the Kinathukkadavu SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Arijana Kalani has changed

The guideline value for Arijana Kalani has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 175 per sq.ft. This value then changed to Rs 117 per sq.ft in 2017, marking a decrease of 33%. In the subsequent revision in 2023, the guideline value increased significantly to Rs 200 per sq.ft, which was a rise of 71% from 2017. The most recent revision in 2024 saw another increase, bringing the guideline value to Rs 225 per sq.ft, reflecting a 13% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Arijana Kalani. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Chettipalayam

Chettipalayam village has a total of 158 streets under the Kinathukkadavu SRO, with guideline values ranging from Rs 225 to Rs 680 per sq.ft as of 2024. The median guideline value in this area is Rs 280 per sq.ft, indicating that the 2024 figure for Arijana Kalani is below this median.

• Archid Paradise: Rs 280 per sq.ft (2024)
• Arputham Nagar: Rs 280 per sq.ft (2024)
• Arasupaniyalar Nagar: Rs 280 per sq.ft (2024)
• Anumandharayar Koil Street: Rs 280 per sq.ft (2024)
• Annan Nagar: Rs 225 per sq.ft (2024)
• Athayi Chettiar Street: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Arijana Kalani

For a 1,000 sq.ft plot at the current guideline value of Rs 225 per sq.ft, the total guideline value amounts to Rs 2,25,000. The stamp duty, charged at 7%, would be Rs 15,750, and the registration fee, charged at 2%, would be Rs 4,500. Therefore, the total cost for stamp duty and registration would be Rs 20,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Arijana Kalani?

The Sub Registrar Office that covers Arijana Kalani 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 information.

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

The guideline value is a critical factor when buying or selling property in Chettipalayam. It serves as the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with legal requirements. This value is determined by the Registration Department and can vary between different streets within the same village.

Frequently asked questions

What is the current guideline value of Arijana Kalani?

The current guideline value of Arijana Kalani is Rs 225 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 225 per sq.ft in 2024, with notable increases in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 29%.

What is the median guideline value in Chettipalayam?

The median guideline value in Chettipalayam is Rs 280 per sq.ft as of 2024. This indicates that the guideline value for Arijana Kalani is below the median.

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

For a property valued at Rs 2,25,000, the stamp duty would be Rs 15,750 and the registration fee would be Rs 4,500, totaling Rs 20,250. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Arijana Kalani located?

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