Guideline Value for Aryan Soap Colony

Aryan Soap Colony guideline value

The current guideline value of Aryan Soap Colony is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Ward 10 village under the Peelamedu SRO, classified as Residential Class I Type - III.

How the guideline value of Aryan Soap Colony has changed

The guideline value for Aryan Soap Colony has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From the 2017 revision to 2023, the value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a substantial increase of 186%. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Ward 10

Aryan Soap Colony's guideline value of Rs 2,200 per sq.ft is equal to the median value of Rs 2,200 per sq.ft for the 224 streets in Ward 10 under the Peelamedu SRO, which range from Rs 1,000 to Rs 7,700 per sq.ft.

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

Stamp duty and registration fee for property in Aryan Soap Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Stamp 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 further calculations.

Which Sub Registrar Office covers Aryan Soap Colony?

The Aryan Soap Colony falls under the jurisdiction of the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. 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 property registration in Ward 10. It serves as the basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When buying or selling property, it is essential to consider the guideline value, as it reflects the official valuation set by the Registration Department. This value is used to determine the applicable fees and taxes, making it an important aspect of the property transaction process.

Frequently asked questions

What is the current guideline value of Aryan Soap Colony?

The current guideline value of Aryan Soap Colony is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 214% over the years.

What are the stamp duty and registration fees for properties in Aryan Soap Colony?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 1,98,000, including both fees.

Which Sub Registrar Office serves Aryan Soap Colony?

The Peelamedu Sub Registrar Office serves Aryan Soap Colony, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification of Aryan Soap Colony?

Aryan Soap Colony is classified as Residential Class I Type - III, indicating its designation for residential use.