Guideline Value for ARISANA COLONY

Arisana Colony guideline value

The current guideline value of Arisana Colony, located in Kinathukadavu village, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which is managed by the Kinathukkadavu SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Arisana Colony has changed

The guideline value for Arisana Colony has undergone several revisions over the years. In 2007, the value was Rs 30 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, there was a significant decrease to Rs 67 per sq.ft in 2017. From 2017 to 2023, the value rose dramatically to Rs 200 per sq.ft, remaining unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 567%.

Guideline values in Kinathukadavu

In Kinathukadavu, there are 44 streets under the Kinathukkadavu SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Arisana Colony is below this median.

• Anna Street: Rs 750 per sq.ft (2024)
• Anna Nagar: Rs 750 per sq.ft (2024)
• Avvaiyar Street: Rs 750 per sq.ft (2024)
• Andigoundenpudur: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 300 per sq.ft (2024)
• Barathiar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arisana Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, making a total of Rs 18,000. It is important to note that the 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 Arisana Colony?

The Sub Registrar Office that covers Arisana Colony 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 Kinathukadavu

The guideline value is a crucial factor during the registration of property transactions in Kinathukadavu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps determine the official value of the property for legal and taxation purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arisana Colony?

The current guideline value of Arisana Colony is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, with significant fluctuations in between, including a decrease in 2017.

What is the land classification for Arisana Colony?

The land classification for Arisana Colony is Residential Class II Type - I, indicating its intended use for residential purposes.

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

The Sub Registrar Office for Arisana Colony is located at 151 Coimbatore To Pollachi Main Road, Kinathukadavu- 642109, Coimbatore registration zone.

How is stamp duty calculated for properties in Arisana Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.