Guideline Value for Arunachalam Colony

Arunachalam Colony guideline value

The current guideline value of Arunachalam Colony is Rs 1,430 per sq.ft, effective from 1 July 2024. This area falls under Ward 10 village and is classified as Residential Class II Type - III. The guideline value is set by the Peelamedu SRO.

How the guideline value of Arunachalam Colony has changed

The guideline value for Arunachalam Colony has seen several changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 225%. However, it then decreased to Rs 871 per sq.ft in 2017, a drop of 33%. The 2023 revision saw another increase to Rs 1,300 per sq.ft, followed by the current value of Rs 1,430 per sq.ft in 2024, reflecting a 10% increase.

From the 2017 revision to 2023, there was a substantial increase of 49%. The overall change from 2007 to 2024 shows an increase of 258%. It is important to note that the register has no figures for Arunachalam Colony for the years 2002 and 2003.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Arunachalam Colony is below this median.

• Arumugha Theviar Lane: Rs 1,430 per sq.ft (2024)
• Arumugham Layout: Rs 1,430 per sq.ft (2024)
• Arunthadhiyar Street: Rs 1,320 per sq.ft (2024)
• Aryan Soap Colony: Rs 2,200 per sq.ft (2024)
• Ashokar Street: Rs 2,200 per sq.ft (2024)
• Avarampalayam Road: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arunachalam Colony?

The Peelamedu Sub Registrar Office covers Arunachalam Colony, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor during the registration of property transactions in Ward 10. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arunachalam Colony?

The current guideline value of Arunachalam Colony is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, reflecting an overall increase of 258% over the years.

What are the other streets in Ward 10 with similar guideline values?

Other streets in Ward 10 with similar guideline values include Arumugha Theviar Lane and Arumugham Layout, both at Rs 1,430 per sq.ft in 2024.

What is the role of the guideline value in property transactions?

The guideline value plays a significant role in property transactions as it determines the stamp duty and registration fees that need to be paid during the registration process.

Where can I find the Peelamedu Sub Registrar Office?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find more details by visiting the relevant link.