Guideline Value for Arul Vadivel Kannapuram

Arul Vadivel Kannapuram guideline value

The current guideline value of Arul Vadivel Kannapuram is Rs 350 per sq.ft, effective from 1 July 2024. This village falls under the Pollachi Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Arul Vadivel Kannapuram has changed

The guideline value for Arul Vadivel Kannapuram has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased by 75% to Rs 350 per sq.ft in 2012. However, in 2017, it decreased by 33% to Rs 234 per sq.ft, before rising again to Rs 350 per sq.ft in 2023. The register has no figures for the years 2002 and 2003.

From 2023 to 2024, the guideline value remained at Rs 350 per sq.ft, showing no change. Overall, from 2007 to 2024, there has been a 75% increase in the guideline value.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value is Rs 420 per sq.ft, making the guideline value of Arul Vadivel Kannapuram below this median.

• Arumugam Gounder Colony: Rs 420 per sq.ft (2024)
• Arumugam Pillai Street: Rs 541 per sq.ft (2024)
• Arul Jothi Co-Operative Colony: Rs 300 per sq.ft (2024)
• Anumantharaya Street: Rs 1,500 per sq.ft (2024)
• Annapoorani Layout: Rs 675 per sq.ft (2024)
• A.V.V.S.Colony: Rs 302 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Vadivel Kannapuram

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul Vadivel Kannapuram?

The Sub Registrar Office that covers Arul Vadivel Kannapuram 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 information.

How the guideline value is used when you buy or sell in Ward 2

The guideline value is an important factor when registering property transactions in Ward 2. It serves as a benchmark for determining the stamp duty and registration fees applicable on property sales.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both parties involved. It helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arul Vadivel Kannapuram?

The current guideline value of Arul Vadivel Kannapuram is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017, and increased back to Rs 350 per sq.ft in 2023 and 2024.

What is the land classification of Arul Vadivel Kannapuram?

Arul Vadivel Kannapuram is classified as Residential Class III Type - I.

Where can I find the Pollachi Sub Registrar Office?

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

How is stamp duty calculated in Arul Vadivel Kannapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 3,50,000 would incur a stamp duty of Rs 24,500 at a rate of 7%.