Guideline Value for Arijana Colony

Arijana Colony guideline value

The current guideline value of Arijana Colony is Rs 1,006 per sq.ft, effective from 1 July 2024. This colony is located in Vadavalli village, 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 for Arijana Colony has seen significant changes over the years. In 2003, the value was Rs 101 per sq.ft, which increased to Rs 125 per sq.ft in 2007. By 2012, the value rose to Rs 600 per sq.ft, but saw a decrease to Rs 402 per sq.ft in 2017. The value then surged to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,006 per sq.ft as of the 2024 revision. The register has no figure for this street for the year 2002.

Between the revisions, the changes were notable. From 2003 to 2007, there was an increase of 24%, followed by a significant jump of 380% from 2007 to 2012. However, the value dropped by 33% from 2012 to 2017. The period from 2017 to 2023 saw a remarkable increase of 149%, and from 2023 to 2024, there was a modest rise of 1%. Overall, from 2003 to 2024, the guideline value has increased by 896%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Arijana Colony is below this median.

• Aringar Anna Co-op Nagar: Rs 1,000 per sq.ft (2024)
• Arul Gardens: Rs 1,100 per sq.ft (2024)
• A.P.Gardens: Rs 1,005 per sq.ft (2024)
• Arunachalam Layout: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,000 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 1,006 per sq.ft, the total guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, totaling Rs 90,540. Duty is charged on the guideline value or the sale price, whichever is higher. You can also 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. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Vadavalli. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arijana Colony?

The current guideline value of Arijana Colony is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 101 per sq.ft in 2003 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 896% over this period.

What is the land classification of Arijana Colony?

Arijana Colony is classified as Residential Class V Type - I, indicating its use for residential purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,540.

Which office handles property registrations for Arijana Colony?

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