Guideline Value for Arsana Conoly 28 (2)

Arsana Conoly 28 (2) guideline value

The current guideline value for Arsana Conoly 28 (2) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Sendrayampalayam village, under the Thookanaicken Palayam SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Arsana Conoly 28 (2) has changed

Looking at the historical revisions, the guideline value for Arsana Conoly 28 (2) has seen significant changes over the years. The 2003 revision recorded a value of Rs 21 per sq.ft, which increased to Rs 22 per sq.ft in 2007. By 2012, the value rose to Rs 45 per sq.ft, but then decreased to Rs 30 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, which was consistent in the 2024 revision as well, showing no change from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 852%. Notably, there are no figures available for the year 2002 in the register for this street.

Guideline values in Sendrayampalayam

In Sendrayampalayam, there are 13 streets under the Thookanaicken Palayam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 220 per sq.ft, with a median of Rs 200 per sq.ft. Arsana Conoly 28 (2) aligns with this median value.

• Bharathi Street 187: Rs 200 per sq.ft (2024)
• Gandhi Street 15 (2), 187: Rs 200 per sq.ft (2024)
• Kamaraj Street 37,38,39/1to 45: Rs 200 per sq.ft (2024)
• Mariamman Koil Street 187: Rs 200 per sq.ft (2024)
• Nehru Street 187,30: Rs 200 per sq.ft (2024)
• Nethaji Street 39 (1to45): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arsana Conoly 28 (2)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Arsana Conoly 28 (2)?

The Sub Registrar Office that covers Arsana Conoly 28 (2) is the Thookanaicken Palayam Sub Registrar Office, located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Sendrayampalayam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value. Buyers and sellers must be aware of the guideline value to avoid underreporting the sale price.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property based on current market conditions.

Frequently asked questions

What is the current guideline value for Arsana Conoly 28 (2)?

The current guideline value for Arsana Conoly 28 (2) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 21 per sq.ft in 2003 to Rs 200 per sq.ft in 2024, marking an overall increase of 852% over this period.

What is the land classification for Arsana Conoly 28 (2)?

The land classification for Arsana Conoly 28 (2) is Residential Class III Type - V.

Where is the Sub Registrar Office for this property located?

The Thookanaicken Palayam Sub Registrar Office is located at T.s.p Nagar Vaikkal Road T.n.palayam Gobi-638506, Coimbatore registration zone.

How is stamp duty calculated for properties in Sendrayampalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.