Guideline Value for Archana Gardens

Archana Gardens guideline value

The current guideline value of Archana Gardens is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village under the Vadavalli SRO, classified as Residential Class I Type - II.

How the guideline value of Archana Gardens has changed

The guideline value of Archana Gardens has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. Following this, the value remained stable at Rs 1,000 per sq.ft in both 2023 and the upcoming 2024 revision, reflecting no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 233%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Kavundampalayam

Kavundampalayam village features a range of guideline values across its 565 streets under the Vadavalli SRO, with values ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, which is the same as the 2024 figure for Archana Gardens.

• Aravindh Nagar: Rs 1,325 per sq.ft (2024)
• Arijana Colony: Rs 1,020 per sq.ft (2024)
• Apartment Street: Rs 1,000 per sq.ft (2024)
• Anna Street- Gandhi Nagar: Rs 1,020 per sq.ft (2024)
• Annapoorani Nagar: Rs 1,325 per sq.ft (2024)
• Arunachala Avenue: Rs 1,325 per sq.ft (2024)

Stamp duty and registration fee for property in Archana Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Archana Gardens?

The Sub Registrar Office that covers Archana Gardens is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kavundampalayam. It serves as a benchmark for assessing the value of properties, ensuring that transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved based on the prevailing guideline value.

Frequently asked questions

What is the current guideline value of Archana Gardens?

The current guideline value of Archana Gardens is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with various revisions occurring in between.

What is the median guideline value in Kavundampalayam?

The median guideline value in Kavundampalayam is Rs 1,000 per sq.ft, which is the same as the current value for Archana Gardens.

Where is the Sub Registrar Office for Archana Gardens located?

The Sub Registrar Office for Archana Gardens is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,000 per sq.ft would incur a total of Rs 90,000 in fees.