Guideline Value for Arachalur Kandankadu colony

Arachalur Kandankadu colony guideline value

The current guideline value for Arachalur Kandankadu colony is Rs 250 per sq.ft, effective from 1 July 2024. This colony is located in Arachalur village under the Sivagiri_Erode SRO, classified as Mixed Type - I land.

How the guideline value of Arachalur Kandankadu colony has changed

Over the years, the guideline value for Arachalur Kandankadu colony has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision also maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 revision, reflecting a stable guideline value since 2023.

Guideline values in Arachalur

Arachalur village features 87 streets under the Sivagiri_Erode SRO, with guideline values ranging from Rs 200 to Rs 360 per sq.ft as per the 2024 figures. The median guideline value for these streets is Rs 200 per sq.ft, placing Arachalur Kandankadu colony's 2024 figure above this median.

• Arachalur Kinattur Street: Rs 250 per sq.ft (2024)
• Arachalur Kodumudi main Road: Rs 250 per sq.ft (2024)
• Arachaloor Kannaiyar Street: 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 Arachalur Kandankadu colony

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arachalur Kandankadu colony?

The Arachalur Kandankadu colony 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 a crucial factor when registering property transactions in Arachalur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value for Arachalur Kandankadu colony?

The current guideline value for Arachalur Kandankadu colony is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 250 per sq.ft in 2024, unchanged from 2023. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification for Arachalur Kandankadu colony?

Arachalur Kandankadu colony is classified as Mixed Type - I land, indicating its varied usage potential.

Where is the Sivagiri_Erode Sub Registrar Office located?

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

How is stamp duty calculated for properties in Arachalur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at 7%.