Guideline Value for Arisana colony (TN Palayam West) 321 (1)

Arisana colony (TN Palayam West) 321 (1) guideline value

The current guideline value of Arisana colony (TN Palayam West) 321 (1) is Rs 250 per sq.ft. This property is located in Vanipudur village under the Thookanaicken Palayam SRO, classified as Residential Class I Type - I.

How the guideline value of Arisana colony (TN Palayam West) 321 (1) has changed

The guideline value for Arisana colony (TN Palayam West) 321 (1) has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 24 per sq.ft. This increased significantly to Rs 167 per sq.ft in 2017, marking a change of +596%. The value then rose to Rs 250 per sq.ft in 2023, a +50% increase from the previous revision. The current figure of Rs 250 per sq.ft, effective from 1 July 2024, shows no change from the 2023 revision.

There are also years where the register has no figure for this street, specifically in 2002, 2007, and 2012. Overall, from 2003 to 2024, the guideline value has increased by +942%.

Guideline values in Vanipudur

In Vanipudur, there are 56 streets under the Thookanaicken Palayam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 440 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Arisana colony (TN Palayam West) 321 (1) aligns with this median.

• Arisana colony 185 (1,2): Rs 250 per sq.ft (2024)
• Arisana Colony T.N Palayam west,east 32,302(1,2,4A,5) 1 (1): Rs 250 per sq.ft (2024)
• A.R.R.Colony1,2 308(1,2): Rs 250 per sq.ft (2024)
• Annastreet 300: Rs 200 per sq.ft (2024)
• Annanagar 1,2 321 (2): Rs 250 per sq.ft (2024)
• Anbu Nagar 287 (2): Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Arisana colony (TN Palayam West) 321 (1)

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. 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 Arisana colony (TN Palayam West) 321 (1)?

The Sub Registrar Office that covers Arisana colony (TN Palayam West) 321 (1) is the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road, T.n.palayam, Gobi-638506, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Vanipudur, determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. The registration office requires that these fees be paid based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Arisana colony (TN Palayam West) 321 (1)?

The current guideline value for Arisana colony (TN Palayam West) 321 (1) is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 24 per sq.ft in 2003 to Rs 250 per sq.ft in 2024, marking an overall increase of +942%.

What is the land classification for Arisana colony (TN Palayam West) 321 (1)?

Arisana colony (TN Palayam West) 321 (1) is classified as Residential Class I Type - I.

Where can I find the Thookanaicken Palayam Sub Registrar Office?

The Thookanaicken Palayam Sub Registrar Office is located at T.s.p Nagar Vaikkal Road, T.n.palayam, Gobi-638506, Coimbatore registration zone.

How is stamp duty calculated for properties in Arisana colony (TN Palayam West) 321 (1)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft incurs a stamp duty of Rs 17,500.