Guideline Value for Aranyaka Lay Out

Aranyaka Lay Out guideline value

The current guideline value of Aranyaka Lay Out is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Ramanathapuram village and falls under the Peelamedu SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Aranyaka Lay Out has changed

Over the years, the guideline value of Aranyaka Lay Out has seen several revisions. In 2012, the guideline value was Rs 1,500 per sq.ft. This figure changed to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and most recently, it has risen to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ramanathapuram

In Ramanathapuram, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, making the current guideline value of Aranyaka Lay Out below that median.

• Arumugam Nagar: Rs 1,700 per sq.ft (2024)
• Arumuga Nadar Street: Rs 1,700 per sq.ft (2024)
• Arunachalam Colony: Rs 1,700 per sq.ft (2024)
• Annamadam Lane: Rs 1,000 per sq.ft (2024)
• Annai Sathya Housing Society Layout (Or) Nagar: Rs 1,005 per sq.ft (2024)
• Aspire: Rs 4,190 per sq.ft (2024)

Stamp duty and registration fee for property in Aranyaka Lay Out

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Aranyaka Lay Out?

The Sub Registrar Office that covers Aranyaka Lay Out is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO online for more information.

How the guideline value is used when you buy or sell in Ramanathapuram

The guideline value is a crucial factor during the registration of property transactions in Ramanathapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Aranyaka Lay Out?

The current guideline value of Aranyaka Lay Out is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Aranyaka Lay Out?

The land classification for Aranyaka Lay Out is Residential Class I Type - II.

How is stamp duty calculated for properties in Aranyaka Lay Out?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,15,500 based on the current guideline value.

Where is the Sub Registrar Office for Aranyaka Lay Out located?

The Peelamedu Sub Registrar Office, which covers Aranyaka Lay Out, is located at 6/1, Grd Road, Redfields, Coimbatore - 18.