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 Chennimalai village, under the Chennimalai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Arachaloor Road has changed

The guideline value for Arachaloor Road has undergone several revisions over the years. In 2002, the value was Rs 288 per sq.ft, which then changed to Rs 78 per sq.ft in 2003, showing a decrease of 73%. The value rose to Rs 100 per sq.ft in 2007, marking an increase of 28%. Following this, the value surged to Rs 800 per sq.ft in 2012, reflecting a significant increase of 700%. However, it then dropped to Rs 536 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 800 per sq.ft in 2023, before reaching the current figure of Rs 920 per sq.ft in 2024, an increase of 15%.

Overall, from 2002 to 2024, the guideline value has increased by 219%. There are no figures available for the revisions of this street for the years not listed.

Guideline values in Chennimalai

In Chennimalai, there are 71 streets under the Chennimalai SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 920 per sq.ft. The median value is Rs 340 per sq.ft, placing Arachaloor Road's 2024 figure above that median.

• Appar Street: Rs 510 per sq.ft (2024)
• Appai Chettiar Street: Rs 340 per sq.ft (2024)
• Arijana Colony 2: Rs 225 per sq.ft (2024)
• Agragara Street: Rs 340 per sq.ft (2024)
• Cheran Street: Rs 510 per sq.ft (2024)
• Chidambaram pillai Street: 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, bringing the total fees to Rs 82,800. 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 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 Chennimalai

The guideline value is an essential reference for determining the value of property transactions in Chennimalai. It is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration of property.

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 288 per sq.ft in 2002 to Rs 920 per sq.ft in 2024, showing an overall increase of 219%.

What are the stamp duty and registration fees for property on Arachaloor Road?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 64,400 and the registration fee would be Rs 18,400, totaling Rs 82,800.

Which office handles registrations for Arachaloor Road?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the correct taxes are paid and the transaction is recorded accurately.