Guideline Value for Aravazhi Street

Aravazhi Street guideline value

The current guideline value of Aravazhi Street is Rs 340 per sq.ft, effective from 1 July 2024. This street is located in Attavanai pidariyur village under the Chennimalai SRO, classified as Residential Class I Type - III.

How the guideline value of Aravazhi Street has changed

The guideline value for Aravazhi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 300 per sq.ft in the 2023 revision, and finally, it rose to Rs 340 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Attavanai pidariyur

In Attavanai pidariyur, there are 69 streets under the Chennimalai SRO that carry a 2024 guideline value, ranging from Rs 225 to Rs 920 per sq.ft. The median value for these streets is Rs 340 per sq.ft, which is equal to the guideline value of Aravazhi Street.

• Arijana Colony 2: Rs 225 per sq.ft (2024)
• Arachaloor Road: Rs 920 per sq.ft (2024)
• Appar Street: Rs 510 per sq.ft (2024)
• Chinnapedariyur: Rs 225 per sq.ft (2024)
• Eengkar Road: Rs 920 per sq.ft (2024)
• Gandhiji Nagar: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Aravazhi Street

For a 1,000 sq.ft plot at the current rate of Rs 340 per sq.ft, the guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, totaling Rs 30,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Aravazhi Street?

The Sub Registrar Office that covers Aravazhi Street is the Chennimalai Sub Registrar Office, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Attavanai pidariyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aravazhi Street?

The current guideline value of Aravazhi Street is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What is the land classification of Aravazhi Street?

Aravazhi Street is classified as Residential Class I Type - III under the Chennimalai SRO.

Where can I find the Sub Registrar Office for Aravazhi Street?

The Sub Registrar Office for Aravazhi Street is the Chennimalai Sub Registrar Office, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone.

What is the median guideline value in Attavanai pidariyur?

The median guideline value in Attavanai pidariyur is Rs 340 per sq.ft, which is the same as the guideline value for Aravazhi Street.