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Guideline Value

Corporate

Guideline Value for ARIVOLLI NAGAR (WARD NO.3)

₹220/sq.ft.

The guideline value for Arivolli Nagar (ward No.3) in Veerapandi village (Periyanayakkan Palayam SRO, Coimbatore zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - V. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Veerapandi

Village

Periyanayakkan Palayam

SRO

Residential Class III Type - V
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹54 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹80 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.171,kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020
0422-2469010
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Arivolli Nagar (ward No.3)

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Arivolli Nagar (Ward No.3) guideline value

The current guideline value of Arivolli Nagar (Ward No.3) is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Periyanayakkan Palayam SRO and is classified as Residential Class III Type - V.

How the guideline value of Arivolli Nagar (Ward No.3) has changed

The guideline value for Arivolli Nagar (Ward No.3) has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 80 per sq.ft. This increased to Rs 54 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 200 per sq.ft, reflecting a significant increase of 270%. The most recent revision in 2024 raised the guideline value further to Rs 220 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 175%.

Guideline values in Veerapandi

In Veerapandi village, there are 201 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, making the guideline value of Arivolli Nagar (Ward No.3) below this median.

Stamp duty and registration fee for property in Arivolli Nagar (Ward No.3)

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arivolli Nagar (Ward No.3)?

The Sub Registrar Office that covers Arivolli Nagar (Ward No.3) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Veerapandi. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Arivolli Nagar (Ward No.3)?

The current guideline value of Arivolli Nagar (Ward No.3) is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 80 per sq.ft in 2012 to Rs 220 per sq.ft in 2024. This reflects an overall increase of 175% over this period.

What are the stamp duty and registration fees for property in Arivolli Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles registrations for Arivolli Nagar?

The Periyanayakkan Palayam Sub Registrar Office handles registrations for Arivolli Nagar (Ward No.3), located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value of a property for registration and is essential for calculating stamp duty and registration fees. It ensures that the government collects appropriate revenue based on the property's value.