Guideline Value for Arjuna Gounder Colony

Arjuna Gounder Colony guideline value

The current guideline value of Arjuna Gounder Colony is Rs 1,018 per sq.ft, effective from 1 July 2024. This area is located in Thudiyalur village, under the Periyanayakkan Palayam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Arjuna Gounder Colony has changed

The guideline value for Arjuna Gounder Colony has undergone several revisions over the years. In 2012, the value was set at Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in 2017. However, from 2017 to 2023, the value saw a significant increase of 232%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 brought the guideline value to Rs 1,018 per sq.ft, reflecting a 2% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 126%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO, with 2024 guideline values ranging from Rs 1,001 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,019 per sq.ft, placing Arjuna Gounder Colony's 2024 figure slightly below that median.

• Arigzar Anna Teachers Colony: Rs 1,020 per sq.ft (2024)
• Aravan Kovil Street: Rs 1,020 per sq.ft (2024)
• Arumuga Nagar: Rs 1,014 per sq.ft (2024)
• Apple Avenue: Rs 1,021 per sq.ft (2024)
• Appanaickenpalayam (Ward No.18): Rs 1,014 per sq.ft (2024)
• Appanaickenpalayam (Ward No.17): Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Arjuna Gounder Colony

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 10,18,000. The stamp duty at 7% would be Rs 71,260, and the registration fee at 2% would be Rs 20,360, bringing the total to Rs 91,620. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Arjuna Gounder Colony?

The Sub Registrar Office that covers Arjuna Gounder Colony is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thudiyalur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value in their negotiations. This value helps in establishing a fair price for the transaction and is essential for the calculation of applicable fees.

Frequently asked questions

What is the current guideline value of Arjuna Gounder Colony?

The current guideline value of Arjuna Gounder Colony is Rs 1,018 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then up to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,018 per sq.ft in 2024.

What is the land classification of Arjuna Gounder Colony?

Arjuna Gounder Colony is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 91,620.

Which office handles property registrations for Arjuna Gounder Colony?

The Periyanayakkan Palayam Sub Registrar Office handles property registrations for Arjuna Gounder Colony, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.