Guideline Value for ARAMBAPALLI

Arambapalli guideline value

The current guideline value of Arambapalli is Rs 840 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Arambapalli has changed

Over the years, the guideline value of Arambapalli has experienced several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and then rose to Rs 840 per sq.ft in the 2024 revision, marking a 12% increase from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, when looking at the period from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO carrying a guideline value for 2024 ranging from Rs 840 to Rs 4,480 per sq.ft. The median value is Rs 840 per sq.ft, which is equal to the guideline value of Arambapalli.

• ARULJOTHI NAGAR 1st to 8th STREET: Rs 840 per sq.ft (2024)
• Aruljothi Nagar 3rd Street S/N Road: Rs 840 per sq.ft (2024)
• Aruljothi Nagar 3rd Street(South): Rs 840 per sq.ft (2024)
• Aruljothi Nagar East 2nd Street: Rs 840 per sq.ft (2024)
• Aruljothi Nagar East Extension: Rs 840 per sq.ft (2024)
• Aruljothi Nagar East Extn 1st St: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Arambapalli

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arambapalli?

The Sub Registrar Office that covers Arambapalli is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602., Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial aspect of property transactions in Ward - E, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This value serves as a reference point for both parties involved in the sale.

Frequently asked questions

What is the current guideline value of Arambapalli?

The current guideline value of Arambapalli is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 840 per sq.ft in 2024.

What are the stamp duty rates in Arambapalli?

Stamp duty in Arambapalli is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the registration office for Arambapalli?

The registration office for Arambapalli is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602., Coimbatore registration zone.

What is the land classification of Arambapalli?

Arambapalli is classified as Residential Class IV Type - I.