Guideline Value for ARANMANAI THOTTAM

Aranmanai Thottam guideline value

The current guideline value of Aranmanai Thottam is Rs 1,010 per sq.ft, effective from 1 July 2024. It is located in Ganapathy village, under the Ganapathy SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Aranmanai Thottam has changed

The guideline value for Aranmanai Thottam has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft. This increased to Rs 750 per sq.ft in 2012, marking a substantial rise of 200%. However, the value then decreased to Rs 502 per sq.ft in 2017, reflecting a decline of 33%. The most significant change occurred from 2017 to 2023, where it surged to Rs 1,000 per sq.ft, an increase of 99%. The latest revision in 2024 set the value at Rs 1,010 per sq.ft, a modest increase of 1% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 304%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value for Aranmanai Thottam is below this median.

• Appartment: Rs 1,400 per sq.ft (2024)
• Appaainaidu Layout.Sivasakthi Colony: Rs 1,400 per sq.ft (2024)
• Appaainaidu Layout: Rs 1,400 per sq.ft (2024)
• Apartment: Rs 3,470 per sq.ft (2024)
• Anna Nagar (Jawahar Nagar): Rs 1,010 per sq.ft (2024)
• Anna Nagar Eastside 1,2,3,4 Street: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Aranmanai Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, totaling Rs 90,900. 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 Aranmanai Thottam?

The Sub Registrar Office that covers Aranmanai Thottam is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ganapathy. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value must be considered, as it impacts the overall costs incurred during the registration process. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Aranmanai Thottam?

The current guideline value of Aranmanai Thottam is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024. This represents an overall increase of 304% over the years.

What is the registration fee for property in Aranmanai Thottam?

The registration fee is calculated based on the guideline value. For a property valued at Rs 10,10,000, the registration fee would be Rs 20,200.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

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

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that these costs are based on a standardized value set by the government, promoting transparency in the registration process.