Guideline Value for Arokiyasamy Road Main

Arokiyasamy Road Main guideline value

The current guideline value of Arokiyasamy Road Main 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 it falls under the Mixed Type - I land classification.

How the guideline value of Arokiyasamy Road Main has changed

The guideline value for Arokiyasamy Road Main has undergone several revisions over the years. In 2007, the value was set at Rs 2,475 per sq.ft, which increased significantly to Rs 5,100 per sq.ft in 2012. However, it saw a decrease to Rs 3,417 per sq.ft in 2017. The value then rose to Rs 5,100 per sq.ft in 2023, before reaching the current rate of Rs 5,700 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2017 to 2023, there was a significant increase of 49%. The jump from 2012 to 2017 saw a decrease of 33%. The period from 2007 to 2012 experienced a remarkable increase of 106%. Overall, from 2007 to 2024, the guideline value has increased by 130%. 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 have 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 Main's current guideline value is above this median.

• Arokiyasamy Road Lane: 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 Main

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 amount to Rs 3,99,000, and the registration fee at 2% would be Rs 1,14,000, bringing the total charges to Rs 5,13,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arokiyasamy Road Main?

The Arokiyasamy Road Main falls under the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ward-8. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value as it reflects the official rate set by the government for property transactions.

At the time of registration, the guideline value will be compared with the sale price of the property. The higher of the two will be used to calculate the applicable stamp duty and registration fees, ensuring that all transactions adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arokiyasamy Road Main?

The current guideline value of Arokiyasamy Road Main 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 changed from Rs 2,475 per sq.ft in 2007 to Rs 5,700 per sq.ft in 2024, reflecting an overall increase of 130% over this period.

What are the stamp duty rates applicable for properties in Arokiyasamy Road Main?

The stamp duty rate for properties in Arokiyasamy Road Main is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Arokiyasamy Road Main?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Arokiyasamy Road Main, located at Syryan Church Road, Coimbatore -641001.

What is the land classification of Arokiyasamy Road Main?

Arokiyasamy Road Main is classified as Mixed Type - I under the land classification system.