Guideline Value for Arasupallipalayam

Arasupallipalayam guideline value

The current guideline value of Arasupallipalayam is Rs 335 per sq.ft, effective from 1 July 2024. This village falls under the Dharapuram Ward 1 and is classified as Residential Class II Type - II.

How the guideline value of Arasupallipalayam has changed

The guideline value of Arasupallipalayam has seen several revisions over the years. In 2002, the value was Rs 67 per sq.ft, which increased to Rs 74 per sq.ft in 2003. The next recorded revision was in 2012, where the value rose to Rs 200 per sq.ft, but then decreased to Rs 134 per sq.ft in 2017. Following that, the value increased significantly to Rs 300 per sq.ft in 2023, and finally, it reached Rs 335 per sq.ft in the 2024 revision, marking a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 400%. The register has no figure for this street in 2007.

Guideline values in Dharapuram Ward 1

In Dharapuram Ward 1, there are 11 streets under the Dharapuram SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 440 per sq.ft, with the median being Rs 335 per sq.ft. The guideline value of Arasupallipalayam is equal to this median.

• Agraharam Ottrai Street: Rs 335 per sq.ft (2024)
• Agraharam Erattai Street: Rs 335 per sq.ft (2024)
• Adhidravidar Street: Rs 330 per sq.ft (2024)
• Chokkanatha palayam: Rs 335 per sq.ft (2024)
• Dhasappalipalayam: Rs 330 per sq.ft (2024)
• Karur Road: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Arasupallipalayam

For a 1,000 sq.ft plot at the current rate of Rs 335 per sq.ft, the guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, totaling Rs 30,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arasupallipalayam?

The Sub Registrar Office that covers Arasupallipalayam is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Dharapuram Ward 1

The guideline value is crucial during the registration process when buying or selling property in Dharapuram Ward 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arasupallipalayam?

The current guideline value of Arasupallipalayam is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 67 per sq.ft in 2002 to Rs 335 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What is the stamp duty rate in Arasupallipalayam?

The stamp duty rate in Arasupallipalayam is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Dharapuram Sub Registrar Office is located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions in value.