Guideline Value for Arasappan Street (595/1to9,566/9,572/1to19,21)

Arasappan Street (595/1to9,566/9,572/1to19,21) guideline value

The current guideline value of Arasappan Street (595/1to9,566/9,572/1to19,21) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kolapalore village under the Gobichettipalayam Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Arasappan Street (595/1to9,566/9,572/1to19,21) has changed

The guideline value for Arasappan Street has undergone several revisions over the years. In 2007, the value was Rs 66 per sq.ft, which increased to Rs 150 per sq.ft in 2012. However, it saw a decline to Rs 100 per sq.ft in 2017. The value then doubled to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

Overall, from 2007 to 2024, the guideline value has increased by 203%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Kolapalore

In Kolapalore, there are 67 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Arasappan Street is equal to this median.

• Angampalayam Street (106/1a,1b): Rs 200 per sq.ft (2024)
• Amman Nagar: Rs 200 per sq.ft (2024)
• Amman Kovil Pathi (307,396/8,397/2, 400/1to 4): Rs 200 per sq.ft (2024)
• Ambross street (660/1to 3,661,662/1to5): Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)
• Aasaraiyar Street (508/4): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arasappan Street (595/1to9,566/9,572/1to19,21)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Arasappan Street (595/1to9,566/9,572/1to19,21)?

The Sub Registrar Office covering Arasappan Street is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolapalore. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount in taxes during property transactions.

Frequently asked questions

What is the current guideline value of Arasappan Street?

The current guideline value of Arasappan Street (595/1to9,566/9,572/1to19,21) 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 66 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting a total increase of 203% over the years.

Where can I find the registration office for Arasappan Street?

The Gobichettipalayam Joint I Sub Registrar Office covers Arasappan Street and is located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

What is the stamp duty for a property in Arasappan Street?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%, and the registration fee would be Rs 4,000 at 2%, totaling Rs 18,000.

What is the land classification for Arasappan Street?

Arasappan Street is classified as Residential Special Type - I, which is relevant for understanding its guideline value and potential uses.