Guideline Value for ARIJANACOLONY

Arijanacolony guideline value

The current guideline value of Arijanacolony in Naranapuram village is Rs 445 per sq.ft, effective from 1 July 2024. This area falls under the Palladam Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Arijanacolony has changed

The guideline value for Arijanacolony has seen several revisions over the years. The 2012 revision set the value at Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in the 2017 revision. Following this, the value increased by 50% to Rs 450 per sq.ft in 2023, before slightly decreasing to Rs 445 per sq.ft in the 2024 revision, representing a change of -1% 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 decreased by 1%.

Guideline values in Naranapuram

Naranapuram village consists of 64 streets under the Palladam SRO, with guideline values ranging from Rs 301 to Rs 1,060 per sq.ft. The median guideline value is Rs 445 per sq.ft, which is equal to the current value for Arijanacolony.

• Arijana Colony-1: Rs 301 per sq.ft (2024)
• Arijana Colony-2: Rs 301 per sq.ft (2024)
• Arulanatha Swamykovil Street: Rs 445 per sq.ft (2024)
• Arumuthampalayam Road: Rs 445 per sq.ft (2024)
• Annamalai Nagar: Rs 445 per sq.ft (2024)
• Avinasi Salai: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Arijanacolony

For a 1,000 sq.ft plot at the current guideline value of Rs 445 per sq.ft, the total guideline value amounts to Rs 4,45,000. The stamp duty, charged at 7%, would be Rs 31,150, while the registration fee at 2% would be Rs 8,900. Together, the total cost for stamp duty and registration fees would be Rs 40,050. 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 further calculations.

Which Sub Registrar Office covers Arijanacolony?

The Arijanacolony area is covered by the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Naranapuram. When buying or selling property, it serves as a benchmark for the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the stamp duty and registration fees payable during the transaction. The registration office uses this value to determine the applicable charges, which must be settled before the transfer of ownership can be completed.

Frequently asked questions

What is the current guideline value of Arijanacolony?

The current guideline value of Arijanacolony is Rs 445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally decreased to Rs 445 per sq.ft in 2024.

What are the other streets in Naranapuram with their guideline values?

Other streets in Naranapuram include Arijana Colony-1 and Arijana Colony-2 at Rs 301 per sq.ft, and several streets like Arulanatha Swamykovil Street, Arumuthampalayam Road, Annamalai Nagar, and Avinasi Salai at Rs 445 per sq.ft.

What is the stamp duty and registration fee for property in Arijanacolony?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,45,000. The stamp duty is Rs 31,150 and the registration fee is Rs 8,900, totaling Rs 40,050 for both fees.

Which office handles property registration for Arijanacolony?

The Palladam Sub Registrar Office handles property registration for Arijanacolony, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.