Guideline Value for Arasampalayam Harijana colony

Arasampalayam Harijana colony guideline value

The current guideline value of Arasampalayam Harijana colony is Rs 200 per sq.ft, effective from 1 July 2024. This colony is located in Kodumudi village, under the Kodumudi SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arasampalayam Harijana colony has changed

Since 2002, the guideline value for Arasampalayam Harijana colony has seen significant changes. The value started at Rs 21 per sq.ft in 2002 and increased to Rs 24 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 50 per sq.ft in 2007, which was a 108% increase. Following this, the value increased to Rs 150 per sq.ft in 2012, representing a 200% rise. However, there was a decrease to Rs 100 per sq.ft in 2017, which was a 33% drop. The value remained at Rs 200 per sq.ft in both 2023 and 2024, indicating no change between these revisions.

Overall, from 2002 to 2024, the guideline value has increased by 852%. The 2024 revision has the same figure as the 2023 revision, which reflects stability in the guideline value for this street over the last two years.

Guideline values in Kodumudi

Kodumudi village has 92 streets under the Kodumudi SRO, with guideline values ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value in the village is Rs 200 per sq.ft, which is the same as the current value for Arasampalayam Harijana colony.

• Arasampalayam Nadar street: Rs 200 per sq.ft (2024)
• Arumugagounder street: Rs 200 per sq.ft (2024)
• Amanur Erode-Karur road: Rs 600 per sq.ft (2024)
• Beemgounder street: Rs 600 per sq.ft (2024)
• Chandrasekarapillai theu: Rs 600 per sq.ft (2024)
• Chinnagounder theru: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arasampalayam Harijana colony

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, the total cost for stamp duty and registration would be Rs 18,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arasampalayam Harijana colony?

The Sub Registrar Office that covers Arasampalayam Harijana colony is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property in Kodumudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value will influence the overall cost involved in the property transfer process.

When purchasing property, the guideline value is used to assess the minimum value at which the property can be registered. This ensures that the transaction is recorded at a fair value, and it is essential for both buyers and sellers to understand this aspect to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Arasampalayam Harijana colony?

The current guideline value of Arasampalayam Harijana colony is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 21 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 852% over this period.

What are the recent revisions of the guideline value?

The recent revisions include Rs 200 per sq.ft for both 2023 and 2024, Rs 100 per sq.ft in 2017, Rs 150 per sq.ft in 2012, and Rs 50 per sq.ft in 2007.

Where can I find the Sub Registrar Office for Arasampalayam Harijana colony?

The Sub Registrar Office for Arasampalayam Harijana colony is located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

How is stamp duty calculated for property in Kodumudi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.