Guideline Value for ARIYAR REAL ESTATE

Ariyar Real Estate guideline value

The current guideline value for Ariyar Real Estate is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Ward - B village under the Udumalpettai SRO and is classified as Residential Class I Type - III.

How the guideline value of Ariyar Real Estate has changed

The guideline value for Ariyar Real Estate has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 450 per sq.ft. This figure remained the same until the next revision in 2017, where it decreased to Rs 301 per sq.ft, marking a decline of 33%. In 2023, the guideline value increased significantly to Rs 450 per sq.ft, and the most recent revision in 2024 set it at Rs 500 per sq.ft, reflecting an 11% increase.

From 2012 to 2024, the overall change in the guideline value is an increase of 11%. The transition from 2017 to 2023 saw a substantial increase of 50%, while the change from 2023 to 2024 was an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO, with guideline values ranging from Rs 380 to Rs 2,020 per sq.ft. The median guideline value in this area is Rs 500 per sq.ft, which matches the current guideline value for Ariyar Real Estate.

• Arasilango Street: Rs 380 per sq.ft (2024)
• Arumugam Nagar: Rs 660 per sq.ft (2024)
• Anusham Nagar: Rs 660 per sq.ft (2024)
• Anna Street: Rs 380 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 per sq.ft (2024)
• Baseer Ahamed Layout: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ariyar Real Estate

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to 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 information.

Which Sub Registrar Office covers Ariyar Real Estate?

The Sub Registrar Office that covers Ariyar Real Estate is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - B

The guideline value is a crucial factor during the registration of property transactions in Ward - B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ariyar Real Estate?

The current guideline value of Ariyar Real Estate is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then back to Rs 450 per sq.ft in 2023, and finally to Rs 500 per sq.ft in 2024.

What is the median guideline value in Ward - B?

The median guideline value in Ward - B is Rs 500 per sq.ft, which is the same as the current guideline value for Ariyar Real Estate.

What are the stamp duty and registration fees for property in Ariyar Real Estate?

For a 1,000 sq.ft plot, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. This is calculated based on the guideline value.

Which Sub Registrar Office covers Ariyar Real Estate?

The Udumalpettai Sub Registrar Office covers Ariyar Real Estate, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.