Guideline Value for ARANMANAIPUDUR 1ST STREET

Aranmanaipudur 1st Street guideline value

The current guideline value for Aranmanaipudur 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Ward - N, under the Tiruppur Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Aranmanaipudur 1st Street has changed

The guideline value for Aranmanaipudur 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 995 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, marking a decrease of 33%. The 2023 revision saw a significant increase to Rs 1,200 per sq.ft, followed by a further rise to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 33%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ward - N

In Ward - N, there are 104 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 5,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which aligns with the current guideline value for Aranmanaipudur 1st Street.

• Aranmanaipudur 2nd Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur 3rd Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur 4th Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur Nadupangu: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur Nadupangu 1st Street: Rs 1,320 per sq.ft (2024)
• Aranmanaipudur Nadupangu 2nd Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Aranmanaipudur 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aranmanaipudur 1st Street?

The Sub Registrar Office that covers Aranmanaipudur 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor when registering property in Ward - N. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures transparency in property transactions and helps maintain a standard for property valuations in the area.

Frequently asked questions

What is the current guideline value of Aranmanaipudur 1st Street?

The current guideline value of Aranmanaipudur 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several revisions, increasing from Rs 995 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024. Notably, the value saw a drop to Rs 804 per sq.ft in 2017 before rising again in subsequent revisions.

What is the land classification for Aranmanaipudur 1st Street?

Aranmanaipudur 1st Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Aranmanaipudur 1st Street?

The Sub Registrar Office for Aranmanaipudur 1st Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Aranmanaipudur 1st Street?

Stamp duty for properties in Aranmanaipudur 1st Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 92,400 at the current guideline value.