Guideline Value for Arokiyanathapillai Street

Arokiyanathapillai Street guideline value

The current guideline value of Arokiyanathapillai Street is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Ward 3 village under the Pollachi SRO, classified as Commercial Special Type - II.

How the guideline value of Arokiyanathapillai Street has changed

In the 2002 revision, the guideline value was Rs 967 per sq.ft. This increased to Rs 1,063 per sq.ft in 2003, reflecting a change of +10%. The value then rose to Rs 1,325 per sq.ft in 2007, marking an increase of +25%. In the 2012 revision, the value was Rs 2,000 per sq.ft, showing a significant increase of +51% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 1,340 per sq.ft, which is a decline of -33%. The value then increased to Rs 2,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +107%.

Guideline values in Ward 3

In Ward 3, there are 46 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 883 per sq.ft, placing Arokiyanathapillai Street above this median.

• Arumugham Street: Rs 911 per sq.ft (2024)
• Antigounder Street (Karikal Cholan street): Rs 2,500 per sq.ft (2024)
• Anna Colony: Rs 350 per sq.ft (2024)
• Balamanikam Cheeti Street: Rs 911 per sq.ft (2024)
• Banglow Road: Rs 1,850 per sq.ft (2024)
• ABT Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Arokiyanathapillai Street

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value is Rs 20,00,000. The stamp duty at 7% amounts to Rs 1,40,000, and the registration fee at 2% is Rs 40,000, totaling Rs 1,80,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arokiyanathapillai Street?

The Arokiyanathapillai Street falls under 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 information.

How the guideline value is used when you buy or sell in Ward 3

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Ward 3. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers should ensure they are informed about the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Arokiyanathapillai Street?

The current guideline value of Arokiyanathapillai 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 seen various changes, starting from Rs 967 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, which is an overall increase of +107% over the years.

What is the land classification for Arokiyanathapillai Street?

Arokiyanathapillai Street is classified as Commercial Special Type - II under the Pollachi SRO.

Where can I find the registration office for Arokiyanathapillai Street?

The Pollachi Sub Registrar Office, which covers Arokiyanathapillai Street, is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

How is stamp duty calculated for properties in Arokiyanathapillai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 20,00,000, the stamp duty would be Rs 1,40,000 at a rate of 7%.