Guideline Value for Arivozhi Nagar

Arivozhi Nagar guideline value

The current guideline value of Arivozhi Nagar, located in Mannarai village, is Rs 710 per sq.ft. This value is set by the Tiruppur Joint II SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Arivozhi Nagar has changed

The guideline value for Arivozhi Nagar has seen several revisions over the years. The earliest recorded value is from 2012, where it was Rs 375 per sq.ft. This value increased to Rs 251 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 183%, bringing the value to Rs 710 per sq.ft, which remained the same in the 2024 revision.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 89%.

Guideline values in Mannarai

Mannarai village has a total of 90 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 708 per sq.ft, placing Arivozhi Nagar's 2024 value above this median.

• AyothiyaNagar: Rs 708 per sq.ft (2024)
• AyothiyaNagar 1st street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 2nd Street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 3rd street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 4th street: Rs 708 per sq.ft (2024)
• Ayothiyanagar 5th street: Rs 708 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 710 per sq.ft, the total guideline value amounts to Rs 7,10,000. The stamp duty, charged at 7%, would be Rs 49,700, and the registration fee at 2% would be Rs 14,200, bringing the total to Rs 63,900. It is important to note that the 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 Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Mannarai. It serves as a basis for calculating the stamp duty and registration fees that are required when a property is bought or sold.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arivozhi Nagar?

The current guideline value of Arivozhi Nagar is Rs 710 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 375 per sq.ft in 2012 to Rs 710 per sq.ft in 2024, reflecting an overall increase of 89% over this period.

What are the other streets in Mannarai with their guideline values?

Other streets in Mannarai include AyothiyaNagar, AyothiyaNagar 1st street, Ayothiyanagar 2nd Street, Ayothiyanagar 3rd street, Ayothiyanagar 4th street, and Ayothiyanagar 5th street, all with a guideline value of Rs 708 per sq.ft in 2024.

What is the stamp duty rate for properties in Arivozhi Nagar?

The stamp duty rate for properties in Arivozhi Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arivozhi Nagar?

The Sub Registrar Office for Arivozhi Nagar is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore zone.