Guideline Value for Arivozhi Nagar

Arivozhi Nagar guideline value

The current guideline value of Arivozhi Nagar is Rs 340 per sq.ft, effective from 1 July 2024. This area is located in Gudalur village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Arivozhi Nagar has changed

The guideline value for Arivozhi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 300 per sq.ft in 2023, and the most recent revision in 2024 has raised it to Rs 340 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, but it increased by 80% from 2017 to 2023. The jump from 2023 to 2024 represents a 13% increase. Overall, from 2012 to 2024, the guideline value has increased by 36%.

Guideline values in Gudalur

In Gudalur, there are 224 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 320 to Rs 1,110 per sq.ft. The median guideline value for these streets is Rs 370 per sq.ft, placing Arivozhi Nagar's 2024 figure below this median.

• Annapoorani Nagar: Rs 500 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• Annamalai Nagar: Rs 340 per sq.ft (2024)
• Annamalaiar Garden: Rs 500 per sq.ft (2024)
• Annai Nagar: Rs 340 per sq.ft (2024)
• Angalammanpuram - 1: Rs 340 per sq.ft (2024)

Stamp duty and registration fee for property in Arivozhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 340 per sq.ft, the total guideline value amounts to Rs 3,40,000. The stamp duty at 7% would be Rs 23,800, and the registration fee at 2% would be Rs 6,800, bringing the total cost for these fees to Rs 30,600. It is important to note that 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 Arivozhi Nagar?

The Sub Registrar Office that covers Arivozhi Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Gudalur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the property registration process.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Arivozhi Nagar?

The current guideline value of Arivozhi Nagar is Rs 340 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 340 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Arivozhi Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,40,000. The stamp duty at 7% is Rs 23,800, and the registration fee at 2% is Rs 6,800, totaling Rs 30,600 for these fees.

Which Sub Registrar Office covers Arivozhi Nagar?

The Periyanayakkan Palayam Sub Registrar Office covers Arivozhi Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

What is the land classification for Arivozhi Nagar?

Arivozhi Nagar is classified as Residential Class II Type - II, indicating its designation for residential purposes.