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Guideline Value

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Guideline Value for Arijana Colony (Ward 7)

₹220/sq.ft.

The guideline value for Arijana Colony (ward 7) 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 ₹87 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹130 /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 7)

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Arijana Colony (Ward 7) guideline value

The current guideline value of Arijana Colony (Ward 7) is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Narasimmanaickenpalayam village and falls under the Periyanayakkan Palayam SRO. The land classification for this street is Residential Class III Type - V.

How the guideline value of Arijana Colony (Ward 7) has changed

In the 2012 revision, the guideline value was Rs 130 per sq.ft. This value decreased to Rs 87 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the guideline value saw a significant increase to Rs 200 per sq.ft, which is a rise of 130%. The most recent revision in 2024 has set the guideline value at Rs 220 per sq.ft, reflecting an increase of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 69%.

Guideline values in Narasimmanaickenpalayam

Narasimmanaickenpalayam has a total of 153 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,340 per sq.ft. The median guideline value in this village is Rs 310 per sq.ft, which means the 2024 figure for Arijana Colony (Ward 7) is below that median.

Stamp duty and registration fee for property in Arijana Colony (Ward 7)

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total 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.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arijana Colony (Ward 7)?

The Sub Registrar Office that covers Arijana Colony (Ward 7) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Narasimmanaickenpalayam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Arijana Colony (Ward 7)?

The current guideline value of Arijana Colony (Ward 7) 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 130 per sq.ft in 2012 to Rs 220 per sq.ft in 2024, with significant fluctuations in between, including a drop to Rs 87 per sq.ft in 2017 and a rise to Rs 200 per sq.ft in 2023.

What is the land classification for Arijana Colony (Ward 7)?

The land classification for Arijana Colony (Ward 7) is Residential Class III Type - V.

Where can I find the registration office for Arijana Colony (Ward 7)?

The registration office for Arijana Colony (Ward 7) is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 2,20,000, the stamp duty at 7% would be Rs 15,400.