Guideline Value for Aravan Kovil Street

Aravan Kovil Street guideline value

The current guideline value of Aravan Kovil Street is Rs 1,020 per sq.ft, effective from 1 July 2024. This street is located in Thudiyalur village under the Periyanayakkan Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Aravan Kovil Street has changed

The guideline value for Aravan Kovil Street has seen several revisions over the years. In 2007, the guideline value was Rs 110 per sq.ft, which increased to Rs 550 per sq.ft in 2012. However, this value decreased by 33% to Rs 368 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, marking an increase of 172%. The latest revision in 2024 has set the value at Rs 1,020 per sq.ft, reflecting a 2% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 827%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,019 per sq.ft, placing Aravan Kovil Street's 2024 figure slightly above this median.

• Arigzar Anna Teachers Colony: Rs 1,020 per sq.ft (2024)
• Apple Aveune: Rs 1,021 per sq.ft (2024)
• Arjuna Gounder Colony: Rs 1,018 per sq.ft (2024)
• Appanaickenpalayam (Ward No.18): Rs 1,014 per sq.ft (2024)
• Appanaickenpalayam (Ward No.17): Rs 1,014 per sq.ft (2024)
• Appanaickenpalayam (Ward No.16): Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Aravan Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,020 per sq.ft, the guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, making a total of Rs 91,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aravan Kovil Street?

The Sub Registrar Office that covers Aravan Kovil Street is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thudiyalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Aravan Kovil Street?

The current guideline value of Aravan Kovil Street is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 1,020 per sq.ft in 2024, marking an overall increase of 827% over the years.

What are the stamp duty and registration fees for property in Aravan Kovil Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 91,800.

Which Sub Registrar Office covers Aravan Kovil Street?

The Periyanayakkan Palayam Sub Registrar Office covers Aravan Kovil Street, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification of Aravan Kovil Street?

Aravan Kovil Street is classified as Residential Class I Type - I under the guideline value register.