Guideline Value for Arachalur Thiruvalluvar Nagar

Arachalur Thiruvalluvar Nagar guideline value

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

How the guideline value of Arachalur Thiruvalluvar Nagar has changed

Over the years, the guideline value for Arachalur Thiruvalluvar Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which was a decrease of 33% from the previous 2017 revision of Rs 167 per sq.ft. The 2023 revision maintained the value at Rs 250 per sq.ft, and the current 2024 revision has also kept it 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.

From the 2012 revision to the 2024 revision, the overall change has been 0%. The increase from the 2017 revision to the 2023 revision was 50%, while there was no change from the 2023 to the 2024 revision.

Guideline values in Arachalur

Arachalur village has 87 streets under the Sivagiri_Erode SRO, with guideline values ranging from Rs 200 to Rs 360 per sq.ft as of 2024. The median guideline value for these streets is Rs 200 per sq.ft, placing Arachalur Thiruvalluvar Nagar's value above this median.

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

Stamp duty and registration fee for property in Arachalur Thiruvalluvar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that 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 details.

Which Sub Registrar Office covers Arachalur Thiruvalluvar Nagar?

The Sub Registrar Office that covers Arachalur Thiruvalluvar Nagar is the Sivagiri_Erode Sub Registrar Office, located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109, in the 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 plays a crucial role during property transactions in Arachalur. It is used to determine the stamp duty and registration fees payable when buying or selling a property. The value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arachalur Thiruvalluvar Nagar?

The current guideline value of Arachalur Thiruvalluvar Nagar 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 are the stamp duty and registration fees for properties in Arachalur Thiruvalluvar Nagar?

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Arachalur?

The Sivagiri_Erode Sub Registrar Office handles property registrations in Arachalur Thiruvalluvar Nagar. It is located at 1/2 Kumaran Street, Gandhi Road, Sivagiri-638109.

What is the land classification for Arachalur Thiruvalluvar Nagar?

Arachalur Thiruvalluvar Nagar is classified as Mixed Type - I land. This classification can affect the types of developments allowed in the area.