Guideline Value for ARIVOOLI NAGAR

Arivooli Nagar guideline value

The current guideline value of Arivooli Nagar, located in Villankuruchi village under the Ganapathy SRO, is Rs 1,006 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Arivooli Nagar has changed

The guideline value for Arivooli Nagar has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 60 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a rise of 733%. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, which is a decline of 33%. The value then rose dramatically to Rs 1,000 per sq.ft in 2023, reflecting an increase of 199%. Finally, in the 2024 revision, the guideline value reached Rs 1,006 per sq.ft, which is an increase of 1% from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,577%.

Guideline values in Villankuruchi

In Villankuruchi, there are 275 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,220 per sq.ft, with a median value of Rs 1,008 per sq.ft. The guideline value for Arivooli Nagar is below this median.

• Appachi Gardens: Rs 1,010 per sq.ft (2024)
• Apex Garden: Rs 1,006 per sq.ft (2024)
• Ashokji Nagar: Rs 1,006 per sq.ft (2024)
• Askar Avenue: Rs 1,010 per sq.ft (2024)
• Annamalaiyar Nagar: Rs 1,006 per sq.ft (2024)
• Annamalaiyar Avenue Phase-1.2: Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Arivooli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total cost for these fees to Rs 90,540. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Arivooli Nagar?

The Sub Registrar Office that covers Arivooli Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villankuruchi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the higher of the sale price and the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is transparent and that the appropriate fees are paid based on established values.

Frequently asked questions

What is the current guideline value of Arivooli Nagar?

The current guideline value of Arivooli Nagar is Rs 1,006 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 1,577% over the years.

What is the land classification for Arivooli Nagar?

The land classification for Arivooli Nagar is Residential Class I Type - III.

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

For a property valued at Rs 10,06,000, the stamp duty would be Rs 70,420 and the registration fee would be Rs 20,120, totaling Rs 90,540.

Which office handles property registrations for Arivooli Nagar?

The Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006, handles property registrations for Arivooli Nagar.