Guideline Value for Arachalur Santhaipatti Street

Arachalur Santhaipatti Street guideline value

The current guideline value of Arachalur Santhaipatti 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 Arachalur Santhaipatti Street has changed

Looking at the historical revisions, the guideline value for Arachalur Santhaipatti Street has seen several changes. In 2012, the guideline value was Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017, marking a reduction of 33%. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. The 2023 revision also maintained this figure into 2024, reflecting no change.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the most recent figures are from 2012, 2017, 2023, and 2024.

Guideline values in Arachalur

Arachalur village has 87 streets under the Sivagiri_Erode SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 360 per sq.ft. The median value for the village is Rs 200 per sq.ft, making the guideline value for Arachalur Santhaipatti Street above this median.

• Arachalur Poorikkarar Street: Rs 250 per sq.ft (2024)
• Arachalur south street: Rs 250 per sq.ft (2024)
• Arachalur Nadu Street: Rs 250 per sq.ft (2024)
• Arachalur Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• Arachalur Mariammnkovil street: Rs 250 per sq.ft (2024)
• Arachalur west street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Arachalur Santhaipatti 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, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is crucial to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arachalur Santhaipatti Street?

The Arachalur Santhaipatti Street falls under the jurisdiction of 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 metric used during the registration process of property transactions in Arachalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property.

When buying or selling property, the guideline value ensures that transactions are recorded at a value that reflects the prevailing market conditions as determined by the government. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Arachalur Santhaipatti Street?

The current guideline value of Arachalur Santhaipatti 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 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Arachalur?

The median guideline value for streets in Arachalur is Rs 200 per sq.ft, with Arachalur Santhaipatti Street's value being above this median at Rs 250 per sq.ft.

What are the stamp duty and registration fees for property in Arachalur Santhaipatti 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 is the Sub Registrar Office for Arachalur Santhaipatti Street located?

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