Guideline Value for ARANGASAMY NAGAR (CIVIL AERODROME)

Arangasamy Nagar (Civil Aerodrome) guideline value

The current guideline value of Arangasamy Nagar (Civil Aerodrome) is Rs 1,065 per sq.ft, effective from 1 July 2024. This area is located in Kalapatty_west village and falls under the Gandhipuram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Arangasamy Nagar (Civil Aerodrome) has changed

The guideline value for Arangasamy Nagar (Civil Aerodrome) has undergone several revisions since 2017. In 2017, the guideline value was Rs 536 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2023, marking an increase of 87%. The latest revision in 2024 raised the value to Rs 1,065 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 99%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value for these streets is Rs 1,060 per sq.ft, making Arangasamy Nagar's 2024 figure above that median.

• Anna Street (Valiyampalayam): Rs 1,045 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,045 per sq.ft (2024)
• Arulanantha Nagar (Thottipalayam): Rs 1,045 per sq.ft (2024)
• Arulanantha Puram: Rs 1,045 per sq.ft (2024)
• Arum Lily: Rs 1,265 per sq.ft (2024)
• Annamalai Residency: Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Arangasamy Nagar (Civil Aerodrome)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value would be Rs 10,65,000. The stamp duty at 7% would amount to Rs 74,550, and the registration fee at 2% would be Rs 21,300. Together, the total cost for these fees would be Rs 95,850. Please 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 more information.

Which Sub Registrar Office covers Arangasamy Nagar (Civil Aerodrome)?

The Sub Registrar Office that covers Arangasamy Nagar (Civil Aerodrome) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kalapatty_west. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, safeguarding both the buyer and seller. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arangasamy Nagar (Civil Aerodrome)?

The current guideline value of Arangasamy Nagar (Civil Aerodrome) is Rs 1,065 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 1,065 per sq.ft in 2024, representing an overall increase of 99%.

What is the land classification for Arangasamy Nagar (Civil Aerodrome)?

The land classification for Arangasamy Nagar (Civil Aerodrome) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Gandhipuram Sub Registrar Office covers Arangasamy Nagar (Civil Aerodrome) and is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,65,000, the stamp duty would be Rs 74,550 at a rate of 7%.