Guideline Value for Arijana Colony

Arijana Colony guideline value

The current guideline value of Arijana Colony, located in Pattanam village under the Singanallur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Arijana Colony has changed

The guideline value for Arijana Colony has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was then reduced to Rs 134 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 200 per sq.ft, and the most recent 2024 revision raised it further to Rs 220 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes from the earlier revisions include a significant 49% increase from 2017 to 2023, while the 2012 to 2017 period saw a decrease of 33%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Pattanam

Pattanam village has a total of 220 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,815 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is equal to the current guideline value of Arijana Colony.

• Arunmozhli Varman Nagar: Rs 330 per sq.ft (2024)
• A S Nagar: Rs 415 per sq.ft (2024)
• A S Nagar Extension: Rs 500 per sq.ft (2024)
• Astalakshmi Nagar: Rs 330 per sq.ft (2024)
• Annai Surammal Nagar: Rs 165 per sq.ft (2024)
• Annai Increte Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Arijana Colony

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, and the registration fee at 2% would be Rs 4,400, making the total cost for these charges 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arijana Colony?

The Sub Registrar Office that covers Arijana Colony 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Pattanam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Arijana Colony?

The current guideline value of Arijana Colony 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification of Arijana Colony?

Arijana Colony is classified as Residential Class III Type - I.

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

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 registrations for Arijana Colony?

The Singanallur Sub Registrar Office handles registrations for Arijana Colony, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.