Guideline Value for ARANMANAIPUDUR NADUPANGU 1ST STREET

Aranmanaipudur Nadupangu 1st Street guideline value

The current guideline value for Aranmanaipudur Nadupangu 1st Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in the village of Ward - N, under the Tiruppur Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Aranmanaipudur Nadupangu 1st Street has changed

The guideline value for Aranmanaipudur Nadupangu 1st Street has seen several revisions over the years. The earliest revision available is from 2007, where the value was Rs 995 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, but then decreased to Rs 804 per sq.ft in 2017. Following this decline, the value rose significantly to Rs 1,200 per sq.ft in 2023, and finally reached Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, there was an increase of 49%; and from 2023 to 2024, the increase was 10%. Overall, from 2007 to 2024, the guideline value has increased by 33%.

Guideline values in Ward - N

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

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

Stamp duty and registration fee for property in Aranmanaipudur Nadupangu 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aranmanaipudur Nadupangu 1st Street?

The Sub Registrar Office that covers Aranmanaipudur Nadupangu 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 plays a crucial role in the registration process when buying or selling property in Ward - N. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with local regulations and for accurately estimating the costs associated with property transactions in the area.

Frequently asked questions

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

The current guideline value of Aranmanaipudur Nadupangu 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 changed from Rs 995 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 33% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office registers properties in Aranmanaipudur Nadupangu 1st Street?

The Tiruppur Joint II Sub Registrar Office is responsible for registering properties in Aranmanaipudur Nadupangu 1st Street.

What is the land classification for Aranmanaipudur Nadupangu 1st Street?

The land classification for Aranmanaipudur Nadupangu 1st Street is Residential Class II Type - II.