Guideline Value for Arijana Colony

Arijana Colony guideline value

The current guideline value of Arijana Colony, located in Kavundampalayam village, is Rs 1,020 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Vadavalli SRO and is classified as Residential Class V Type - I.

How the guideline value of Arijana Colony has changed

The guideline value of Arijana Colony has seen significant changes over the years. In the 2012 revision, the value was Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking a remarkable increase of 199%. The most recent revision in 2024 has set the guideline value at Rs 1,020 per sq.ft, a 2% increase 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 104%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as of 2024. The median guideline value in this area is Rs 1,000 per sq.ft, placing Arijana Colony's 2024 figure above that median.

• Archana Gardens: Rs 1,000 per sq.ft (2024)
• Aravindh Nagar: Rs 1,325 per sq.ft (2024)
• Apartment Street: Rs 1,000 per sq.ft (2024)
• Arunachala Avenue: Rs 1,325 per sq.ft (2024)
• Anna Street- Gandhi Nagar: Rs 1,020 per sq.ft (2024)
• Arun Nagar: Rs 1,325 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 1,020 per sq.ft, the total guideline value amounts to Rs 10,20,000. The stamp duty at 7% would be Rs 71,400, and the registration fee at 2% would be Rs 20,400, making the total cost for these fees Rs 91,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arijana Colony?

The Sub Registrar Office that covers Arijana Colony is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When a property is registered, the guideline value helps determine the legal documentation and taxation applicable to the transaction. It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate financial planning during the property transaction process.

Frequently asked questions

What is the current guideline value of Arijana Colony?

The current guideline value of Arijana Colony is Rs 1,020 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 500 per sq.ft in 2012 to Rs 1,020 per sq.ft in 2024, with notable increases in the revisions of 2017 and 2023.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 91,800.

Which office handles property registrations in Arijana Colony?

The Vadavalli Sub Registrar Office handles property registrations for Arijana Colony, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that these costs are based on an official valuation rather than the sale price.