Guideline Value for Arokiyasamy Road Lane

Arokiyasamy Road Lane guideline value

The current guideline value of Arokiyasamy Road Lane is Rs 5,700 per sq.ft, effective from 1 July 2024. This street is located in Ward-8 village under the Coimbatore North Joint 1 SRO, and the land classification is Mixed Type - I.

How the guideline value of Arokiyasamy Road Lane has changed

The guideline value for Arokiyasamy Road Lane has seen significant changes over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased dramatically to Rs 5,100 per sq.ft in 2012, marking a rise of 410%. However, it then decreased to Rs 3,417 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 5,100 per sq.ft in 2023, followed by a rise to the current figure of Rs 5,700 per sq.ft in 2024, reflecting a 12% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 470%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-8

In Ward-8, there are 77 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,900 per sq.ft, with a median value of Rs 4,400 per sq.ft. Arokiyasamy Road Lane's 2024 guideline value is above this median.

• Arokiyasamy Road Main: Rs 5,700 per sq.ft (2024)
• Azath Street: Rs 5,000 per sq.ft (2024)
• Bashyakaralu Road Lane: Rs 4,400 per sq.ft (2024)
• Bashyakaralu Road Main: Rs 5,000 per sq.ft (2024)
• Brookebond Colony Main: Rs 3,300 per sq.ft (2024)
• Devanga High School Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Arokiyasamy Road Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,700 per sq.ft, the total guideline value would be Rs 57,00,000. The stamp duty at 7% would be Rs 3,99,000, and the registration fee at 2% would be Rs 1,14,000, bringing the total to Rs 5,13,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arokiyasamy Road Lane?

The Sub Registrar Office that covers Arokiyasamy Road Lane is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward-8

The guideline value is a crucial factor when registering property in Ward-8. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value serves as a benchmark for calculating the associated fees. It is important to note that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the fees reflect the true value of the property.

Frequently asked questions

What is the current guideline value of Arokiyasamy Road Lane?

The current guideline value of Arokiyasamy Road Lane is Rs 5,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly, from Rs 1,000 per sq.ft in 2007 to Rs 5,700 per sq.ft in 2024, marking an overall increase of 470% over the years.

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

For a property valued at Rs 57,00,000, the stamp duty would be Rs 3,99,000 and the registration fee would be Rs 1,14,000, totaling Rs 5,13,000.

Which office handles the registration for Arokiyasamy Road Lane?

The registration for Arokiyasamy Road Lane is handled by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.

What is the land classification for Arokiyasamy Road Lane?

The land classification for Arokiyasamy Road Lane is Mixed Type - I, indicating the type of development permissible in the area.