Guideline Value for Arachaloor Kannaiyar Street

Arachaloor Kannaiyar Street guideline value

The current guideline value of Arachaloor Kannaiyar Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Arachalur village, under the Sivagiri_Erode SRO, and is classified as Mixed Type - I land.

How the guideline value of Arachaloor Kannaiyar Street has changed

The guideline value for Arachaloor Kannaiyar Street has seen several revisions over the years. In 2002, the guideline value was Rs 31 per sq.ft, which increased to Rs 48 per sq.ft in 2003, marking a 55% rise. By 2007, the value further increased to Rs 50 per sq.ft, reflecting a 4% change. The value then jumped significantly to Rs 250 per sq.ft in 2012, showing a 400% increase. However, it decreased to Rs 167 per sq.ft in 2017, which was a 33% decline. The guideline value remained at Rs 250 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 706%. There are no figures available for the revisions in years other than those mentioned above for Arachaloor Kannaiyar Street.

Guideline values in Arachalur

Arachalur village has a total of 87 streets under the Sivagiri_Erode SRO, with guideline values ranging from Rs 200 to Rs 360 per sq.ft in 2024. The median guideline value for the village is Rs 200 per sq.ft, making the current value of Arachaloor Kannaiyar Street higher than this median.

• Arachalur Kandankadu colony: Rs 250 per sq.ft (2024)
• Arachalur Kinattur Street: Rs 250 per sq.ft (2024)
• Arachalur Kodumudi main Road: Rs 250 per sq.ft (2024)
• Arachalur Main street pooshariur: Rs 250 per sq.ft (2024)
• Arachalur Mariammnkovil street: Rs 250 per sq.ft (2024)
• Arachalur Nadu Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Arachaloor Kannaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000. Therefore, the total fees together would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arachaloor Kannaiyar Street?

The Arachaloor Kannaiyar Street falls under the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process for property transactions in Arachalur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

During the registration process, the guideline value serves as a benchmark for calculating the applicable fees. It is essential to understand that the fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Arachaloor Kannaiyar Street?

The current guideline value of Arachaloor Kannaiyar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 31 per sq.ft in 2002 to Rs 250 per sq.ft in 2024, showing an overall increase of 706% over the years.

What is the registration office for Arachaloor Kannaiyar Street?

The registration office for Arachaloor Kannaiyar Street is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in Arachaloor Kannaiyar Street?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.