Guideline Value for Arachalur west street

Arachalur west street guideline value

The current guideline value of Arachalur west 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 the land classification is Mixed Type - I.

How the guideline value of Arachalur west street has changed

The guideline value for Arachalur west street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft, which marked a decrease of 33% from Rs 167 per sq.ft in the 2017 revision. The 2017 revision saw an increase of 50% from the previous figure, bringing it to Rs 250 per sq.ft in 2023, which remained unchanged in the 2024 revision.

For the years 2002, 2003, and 2007, the register has no figure for Arachalur west street. Thus, the guideline value has remained at Rs 250 per sq.ft from 2012 through 2024, showing no overall change during this period.

Guideline values in Arachalur

Arachalur village has a total of 87 streets under the Sivagiri_Erode SRO, with 2024 figures ranging from Rs 200 to Rs 360 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, and Arachalur west street's 2024 figure is above this median.

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

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 at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees 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 detailed calculations based on your property.

Which Sub Registrar Office covers Arachalur west street?

The Sub Registrar Office that covers Arachalur west street is 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 a property in Arachalur. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in establishing the minimum value for registration purposes. It is essential to note that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arachalur west street?

The current guideline value of Arachalur west street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 250 per sq.ft, with a notable increase of 50% from Rs 167 per sq.ft in 2017 to 2023, but no change from 2023 to 2024.

What is the land classification for Arachalur west street?

The land classification for Arachalur west street is Mixed Type - I, which indicates a diverse use of land in the area.

What are the stamp duty and registration fees for properties in Arachalur?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 22,500.

Where is the Sub Registrar Office for Arachalur west street located?

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