Guideline Value for Areomdrome Rd

Areomdrome Rd guideline value

The current guideline value of Areomdrome Rd in Singanallur village is Rs 1,680 per sq.ft, effective from 1 July 2024. This area falls under the Singanallur SRO and is classified as Mixed Type - I land.

How the guideline value of Areomdrome Rd has changed

The guideline value for Areomdrome Rd has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,680 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2017 to 2023, the increase was 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 12% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft, with a median value of Rs 1,120 per sq.ft. Areomdrome Rd's 2024 figure is above this median.

• Arb Garden: Rs 1,680 per sq.ft (2024)
• A.R. Layout: Rs 1,000 per sq.ft (2024)
• Arul Jothipuram: Rs 1,120 per sq.ft (2024)
• Arul Murugan Nagar (S.I.H.S. colony): Rs 1,001 per sq.ft (2024)
• Anugraha apratment: Rs 1,792 per sq.ft (2024)
• Annayangkadu Road Ext Street1: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Areomdrome Rd

For a 1,000 sq.ft plot at the current guideline value of Rs 1,680 per sq.ft, the total guideline value is Rs 16,80,000. The stamp duty at 7% would be Rs 1,17,600, and the registration fee at 2% would be Rs 33,600, bringing the total to Rs 1,51,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Areomdrome Rd?

The Sub Registrar Office that covers Areomdrome Rd is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Singanallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that is consistent with the prevailing market rates as determined by the registration department. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Areomdrome Rd?

The current guideline value of Areomdrome Rd is Rs 1,680 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,680 per sq.ft in 2024.

What is the land classification of Areomdrome Rd?

Areomdrome Rd is classified as Mixed Type - I land according to the local land classification regulations.

What are the registration fees for property transactions?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. A worked example for a 1,000 sq.ft plot shows a registration fee of Rs 33,600 at the current guideline value.

Where can I find the Sub Registrar Office for Areomdrome Rd?

The Sub Registrar Office for Areomdrome Rd is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find more information by visiting the provided link.