Guideline Value for ARIVOZHI VEETHI SAMUNDIPURAM

Arivozhi Veethi Samundipuram guideline value

The current guideline value of Arivozhi Veethi Samundipuram is Rs 715 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village and falls under the Tiruppur Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Arivozhi Veethi Samundipuram has changed

The guideline value for Arivozhi Veethi Samundipuram has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, before reaching the current rate of Rs 715 per sq.ft in 2024, marking a 19% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 19%. The changes from the earlier revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median value for these streets is Rs 711 per sq.ft, placing Arivozhi Veethi Samundipuram's 2024 figure above that median.

• Arivoli Veethi: Rs 705 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 Arivozhi Veethi Samundipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value amounts to Rs 7,15,000. The stamp duty at 7% would be Rs 50,050, and the registration fee at 2% would be Rs 14,300, bringing the total fees together to Rs 64,350. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arivozhi Veethi Samundipuram?

The Sub Registrar Office that covers Arivozhi Veethi Samundipuram is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 is a crucial factor during the registration of property transactions in Velampalayam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in determining the financial obligations of both buyers and sellers, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arivozhi Veethi Samundipuram?

The current guideline value of Arivozhi Veethi Samundipuram is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 715 per sq.ft in 2024. This shows a significant increase from 2017 to 2023 and again from 2023 to 2024.

What is the land classification for Arivozhi Veethi Samundipuram?

The land classification for Arivozhi Veethi Samundipuram is Residential Class I Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 64,350.

Where can I find the Sub Registrar Office for Arivozhi Veethi Samundipuram?

The Sub Registrar Office covering Arivozhi Veethi Samundipuram is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.