Guideline Value for Arachaloor Road

Arachaloor Road guideline value

The current guideline value of Arachaloor Road is Rs 920 per sq.ft, effective from 1 July 2024. This road is located in Attavanai pidariyur village under the Chennimalai SRO, and it falls under the Commercial Class I Type - I land classification.

How the guideline value of Arachaloor Road has changed

The guideline value for Arachaloor Road has seen several revisions over the years. In the 2012 revision, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, followed by a further increase to Rs 920 per sq.ft in the 2024 revision, reflecting a rise of 15% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a net increase of 15%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Attavanai pidariyur

In Attavanai pidariyur, there are 69 streets under the Chennimalai SRO that carry a 2024 guideline value ranging from Rs 225 to Rs 920 per sq.ft, with a median value of Rs 340 per sq.ft. Arachaloor Road's guideline value is above this median.

• Appar Street: Rs 510 per sq.ft (2024)
• Aravazhi Street: Rs 340 per sq.ft (2024)
• Arijana Colony 2: Rs 225 per sq.ft (2024)
• Chinnapedariyur: Rs 225 per sq.ft (2024)
• Eengkar Road: Rs 920 per sq.ft (2024)
• Gandhiji Nagar: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Arachaloor Road

For a 1,000 sq.ft plot at the current guideline value of Rs 920 per sq.ft, the total guideline value amounts to Rs 9,20,000. The stamp duty at 7% would be Rs 64,400, and the registration fee at 2% would be Rs 18,400, making the total cost for these fees Rs 82,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arachaloor Road?

The Sub Registrar Office that covers Arachaloor Road is the Chennimalai Sub Registrar Office, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Attavanai pidariyur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is important to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure they are informed about the guideline values to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Arachaloor Road?

The current guideline value of Arachaloor Road is Rs 920 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 920 per sq.ft in 2024.

What is the land classification for Arachaloor Road?

Arachaloor Road is classified as Commercial Class I Type - I under the land classification system.

Where is the Chennimalai Sub Registrar Office located?

The Chennimalai Sub Registrar Office is located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone.

How is the stamp duty calculated for properties in Arachaloor Road?

Stamp duty for properties in Arachaloor Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.