Guideline Value for Arijana Colony 2

Arijana Colony 2 guideline value

The current guideline value of Arijana Colony 2 is Rs 225 per sq.ft, effective from 1 July 2024. This area is located in Attavanai pidariyur village under the Chennimalai SRO, classified as Residential Class II Type - I.

How the guideline value of Arijana Colony 2 has changed

The guideline value for Arijana Colony 2 has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 100 per sq.ft. This increased to Rs 67 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 200 per sq.ft, a change of 199%. The most recent revision in 2024 has set the guideline value at Rs 225 per sq.ft, reflecting an increase of 13% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 125%.

Guideline values in Attavanai pidariyur

In Attavanai pidariyur, there are 69 streets under the Chennimalai SRO with a 2024 guideline value ranging from Rs 225 to Rs 920 per sq.ft. The median guideline value for these streets is Rs 340 per sq.ft, placing Arijana Colony 2's 2024 figure below this median.

• Aravazhi Street: Rs 340 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 Arijana Colony 2

For a 1,000 sq.ft plot at the current guideline value of Rs 225 per sq.ft, the total guideline value amounts to Rs 2,25,000. The stamp duty at 7% would be Rs 15,750, and the registration fee at 2% would be Rs 4,500, bringing the total charges to Rs 20,250. 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 details.

Which Sub Registrar Office covers Arijana Colony 2?

The Sub Registrar Office that covers Arijana Colony 2 is the Chennimalai Sub Registrar Office, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Perundurai Tk, Erode-638051, Coimbatore registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Attavanai pidariyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values is used to determine the applicable stamp duty, which is a mandatory charge during the registration process.

Frequently asked questions

What is the current guideline value of Arijana Colony 2?

The current guideline value of Arijana Colony 2 is Rs 225 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 225 per sq.ft in 2024, marking an overall increase of 125% over this period.

What are the other streets in Attavanai pidariyur?

Other streets in Attavanai pidariyur include Aravazhi Street, Arachaloor Road, Appar Street, Chinnapedariyur, Eengkar Road, and Gandhiji Nagar, with varying guideline values.

What are the stamp duty and registration fees for property in Arijana Colony 2?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 20,250, based on the guideline value of Rs 2,25,000.

Which office handles property registration for Arijana Colony 2?

The Chennimalai Sub Registrar Office handles property registration for Arijana Colony 2, located at 31, Engur Road, Balamurugan Theater Bus Stop, Chennimalai, Erode-638051.