Guideline Value for ARAVIND GARDEN

Aravind Garden guideline value

The current guideline value of Aravind Garden, located in Veerakeralam village under the Thondamuthur SRO, is Rs 1,012 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Aravind Garden has changed

The guideline value for Aravind Garden has undergone several revisions since 2012. In 2012, the value was Rs 450 per sq.ft, which decreased to Rs 301 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 232%, raising the value to Rs 1,000 per sq.ft. The most recent revision in 2024 has seen a slight increase of 1%, bringing the current guideline value to Rs 1,012 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 125%.

Guideline values in Veerakeralam

In Veerakeralam village, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft, with a median value of Rs 1,014 per sq.ft. The guideline value for Aravind Garden is below this median.

• Arokkiya Matha Nager: Rs 1,014 per sq.ft (2024)
• Anna Nagar Housing Unit Phase II: Rs 1,024 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,014 per sq.ft (2024)
• Arunthathiar St: Rs 1,019 per sq.ft (2024)
• Anna Nagar 5th Street: Rs 1,014 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Aravind Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,012 per sq.ft, the total guideline value would be Rs 10,12,000. The stamp duty at 7% would amount to Rs 70,840, and the registration fee at 2% would be Rs 20,240, totaling Rs 91,080. It is essential to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aravind Garden?

The Sub Registrar Office that covers Aravind Garden is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Veerakeralam. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aravind Garden?

The current guideline value of Aravind Garden is Rs 1,012 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,012 per sq.ft in 2024.

What is the land classification of Aravind Garden?

Aravind Garden is classified as Residential Class II Type - III.

Where can I find the Thondamuthur Sub Registrar Office?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108.

How is stamp duty calculated for properties in Aravind Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,840.