Guideline Value for Arokayanatha pillai Street

Arokayanatha pillai Street guideline value

The current guideline value of Arokayanatha pillai Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Ward 4 village under the Pollachi SRO, and the land classification is Commercial Special Type - II.

How the guideline value of Arokayanatha pillai Street has changed

The guideline value for Arokayanatha pillai Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 516 per sq.ft. This increased to Rs 556 per sq.ft in 2003, marking an 8% rise. The value then saw a significant jump to Rs 1,325 per sq.ft in 2007, which is an increase of 138%. Following this, in 2012, the value was adjusted to Rs 2,000 per sq.ft, reflecting a 51% increase. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value remained at Rs 2,000 per sq.ft in 2023 and continues at this rate in the 2024 revision.

Overall, from 2002 to 2024, the guideline value for Arokayanatha pillai Street has increased by 288%. Notably, there are no figures recorded for the revisions in years other than those specified, ensuring clarity in the historical changes.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 675 per sq.ft. Arokayanatha pillai Street's 2024 figure of Rs 2,000 per sq.ft is above this median.

• ArumugaChettiyar Street: Rs 541 per sq.ft (2024)
• Arumugam Layout: Rs 1,250 per sq.ft (2024)
• AndiGounder Street (Karikal Cholan Street): Rs 2,000 per sq.ft (2024)
• Azagammal Layout: Rs 541 per sq.ft (2024)
• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 per sq.ft (2024)

Stamp duty and registration fee for property in Arokayanatha pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. 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 Arokayanatha pillai Street?

The Sub Registrar Office that covers Arokayanatha pillai Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward 4

The guideline value plays a crucial role in the registration process when buying or selling property in Ward 4. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When a property is registered, the guideline value is assessed to determine the applicable fees. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction, as it is used to calculate the necessary duties and fees during the registration process.

Frequently asked questions

What is the current guideline value of Arokayanatha pillai Street?

The current guideline value of Arokayanatha pillai Street is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 516 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 288% over this period.

What is the land classification for Arokayanatha pillai Street?

The land classification for Arokayanatha pillai Street is Commercial Special Type - II.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Where is the Sub Registrar Office for Arokayanatha pillai Street located?

The Sub Registrar Office for Arokayanatha pillai Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.