Guideline Value for ARIVOLI VEETHI

Arivoli Veethi guideline value

The current guideline value of Arivoli Veethi is Rs 705 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village, under the Tiruppur Joint II SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Arivoli Veethi has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained the same in the 2012 revision and then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the guideline value increased to Rs 300 per sq.ft in the 2023 revision, and then saw a significant rise to Rs 705 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

When comparing the revisions, the change from 2012 to 2017 was a decrease of 33%. However, from 2017 to 2023, there was an increase of 49%. The most notable change occurred from 2023 to 2024, where the guideline value rose by 135%. Overall, from 2012 to 2024, the guideline value increased by 135%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO, with guideline values ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value for these streets is Rs 711 per sq.ft, making the 2024 figure for Arivoli Veethi below the median.

• Arivozhi Veethi Samundipuram: Rs 715 per sq.ft (2024)
• Arijana Colony: Rs 703 per sq.ft (2024)
• Arasan Nagar: Rs 706 per sq.ft (2024)
• Arumaikaran Thottam: Rs 715 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)

Stamp duty and registration fee for property in Arivoli Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, totaling Rs 63,450. Please 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 Arivoli Veethi?

The Sub Registrar Office that covers Arivoli Veethi 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 plays a crucial role in property transactions in Velampalayam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is established by the Registration Department and is periodically revised to reflect current market conditions.

When a property is sold, the guideline value is used as a benchmark to assess the transaction value. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Arivoli Veethi?

The current guideline value of Arivoli Veethi is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 705 per sq.ft in 2024.

What is the land classification of Arivoli Veethi?

Arivoli Veethi is classified as Residential Class IV Type - II under the Tiruppur Joint II SRO.

What are the other streets in Velampalayam and their guideline values?

Other streets in Velampalayam include Arivozhi Veethi Samundipuram at Rs 715 per sq.ft, Arijana Colony at Rs 703 per sq.ft, and several others, with values ranging from Rs 701 to Rs 4,480 per sq.ft.

Where can I find the Sub Registrar Office for Arivoli Veethi?

The Sub Registrar Office for Arivoli Veethi is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.