Guideline Value for Arijana colony

Arijana colony guideline value

The current guideline value of Arijana colony in Pappampatti village, under the Singanallur SRO, is Rs 170 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Arijana colony has changed

Over the years, the guideline value for Arijana colony has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 100 per sq.ft in 2023 and further rose to Rs 170 per sq.ft in the 2024 revision, marking a 70% increase from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 70%.

Guideline values in Pappampatti

In Pappampatti, there are 140 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 140 to Rs 750 per sq.ft. The median value for these streets is Rs 195 per sq.ft, placing Arijana colony's 2024 figure below that median.

• Annamalai Garden: Rs 195 per sq.ft (2024)
• Annai Nagar: Rs 165 per sq.ft (2024)
• Ayodhayapuram Lakshman Nagar: Rs 165 per sq.ft (2024)
• Ayothiyapuram Nachiyar Nagar: Rs 165 per sq.ft (2024)
• Ayothiyapuram Sriram Nagar: Rs 165 per sq.ft (2024)
• Ayothiyapuram TKN Layout: Rs 165 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 170 per sq.ft, the total guideline value amounts to Rs 1,70,000. The stamp duty, charged at 7%, would be Rs 11,900, while the registration fee at 2% would be Rs 3,400, bringing the total to Rs 15,300. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, 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, 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 Pappampatti

The guideline value is a crucial factor in property transactions in Pappampatti. It serves as a benchmark for determining the stamp duty and registration fees required during the purchase or sale of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is used to calculate applicable fees, which are based on either 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 170 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 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 170 per sq.ft in 2024.

What is the land classification of Arijana colony?

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

Where can I find the registration office for Arijana colony?

The registration office for Arijana colony is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated for properties in Arijana colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 1,70,000, the stamp duty at 7% would be Rs 11,900.