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Guideline Value

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Guideline Value for Arijana Colony (Ward 2)

₹220/sq.ft.

The guideline value for Arijana Colony (ward 2) in Narasimmanaickenpalayam village (Periyanayakkan Palayam SRO, Coimbatore zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - V. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Narasimmanaickenpalayam

Village

Periyanayakkan Palayam

SRO

Residential Class III Type - V
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹33 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹50 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.171,kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020
0422-2469010
[email protected]

DRO (District Registrar Office)

District Registara Office, Syriyan Church Road, Corporation Marriage Hall, Coimbatore -641001
0422-2300722
[email protected],[email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Arijana Colony (ward 2)

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Arijana Colony (Ward 2) guideline value

The current guideline value of Arijana Colony (Ward 2) is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class III Type - V.

How the guideline value of Arijana Colony (Ward 2) has changed

The guideline value of Arijana Colony (Ward 2) has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 50 per sq.ft. This was followed by a decrease to Rs 33 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 506%, bringing the value to Rs 200 per sq.ft. The latest revision in 2024 saw a further increase of 10%, setting the current guideline value at Rs 220 per sq.ft.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 340%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam village has a total of 153 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 1,340 per sq.ft. The median value for these streets is Rs 310 per sq.ft, making the guideline value of Arijana Colony (Ward 2) below this median.

Stamp duty and registration fee for property in Arijana Colony (Ward 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total charges to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arijana Colony (Ward 2)?

The Sub Registrar Office that covers Arijana Colony (Ward 2) 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 Narasimmanaickenpalayam

The guideline value plays a crucial role when buying or selling property in Narasimmanaickenpalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is used to assess the applicable charges, ensuring compliance with local regulations.

When registering a property, the buyer must pay the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arijana Colony (Ward 2)?

The current guideline value of Arijana Colony (Ward 2) is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2012 to Rs 33 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the median guideline value in Narasimmanaickenpalayam?

The median guideline value for streets in Narasimmanaickenpalayam is Rs 310 per sq.ft, with Arijana Colony (Ward 2) being below this median at Rs 220 per sq.ft.

What are the stamp duty and registration fees for properties in Arijana Colony (Ward 2)?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles property registrations for Arijana Colony (Ward 2)?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Arijana Colony (Ward 2), located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.