Guideline Value for ARIVOLLI NAGAR (WARD NO.4)

Arivolli Nagar (Ward No.4) guideline value

The current guideline value of Arivolli Nagar (Ward No.4) is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Veerapandi village under the Periyanayakkan Palayam SRO, classified as Residential Class III Type - V.

How the guideline value of Arivolli Nagar (Ward No.4) has changed

The guideline value for Arivolli Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in 2017. Following this, there was a substantial increase to Rs 200 per sq.ft in 2023, and the latest revision for 2024 has raised it further to Rs 220 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 175%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veerapandi

Veerapandi village features a range of guideline values across its 201 streets under the Periyanayakkan Palayam SRO, with the 2024 figures ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value in this area is Rs 330 per sq.ft, which means that the guideline value for Arivolli Nagar (Ward No.4) is below this median.

• Arivolli Nagar (Ward No.3): Rs 220 per sq.ft (2024)
• Arck Residency: Rs 1,050 per sq.ft (2024)
• Archana Layout: Rs 610 per sq.ft (2024)
• Aruljothi Nagar: Rs 390 per sq.ft (2024)
• Arasamarathu Kinaru Street: Rs 220 per sq.ft (2024)
• Anna Nagar (Ward No 7): Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Arivolli Nagar (Ward No.4)

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arivolli Nagar (Ward No.4)?

The Sub Registrar Office that covers Arivolli Nagar (Ward No.4) 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 plays a crucial role in the registration process when buying or selling property in Veerapandi. It serves as the basis for calculating the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to determine the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arivolli Nagar (Ward No.4)?

The current guideline value of Arivolli Nagar (Ward No.4) 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 from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Arivolli Nagar (Ward No.4)?

Arivolli Nagar (Ward No.4) is classified as Residential Class III Type - V.

What are the stamp duty and registration fees for property transactions in this area?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Where is the Sub Registrar Office for Arivolli Nagar (Ward No.4) located?

The Sub Registrar Office for Arivolli Nagar (Ward No.4) is located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.