Guideline Value for ARGA Layout

ARGA Layout guideline value

The current guideline value of ARGA Layout is Rs 1,900 per sq.ft, effective from 1 July 2024. This layout is located in Sanganur. village, under the Gandhipuram SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of ARGA Layout has changed

The guideline value for ARGA Layout has undergone several revisions over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 1,700 per sq.ft in 2012, marking an 89% increase. However, from 2012 to 2017, the value decreased to Rs 1,139 per sq.ft, reflecting a decline of 33%. Subsequently, the value rose significantly to Rs 1,700 per sq.ft in 2023, and further increased to Rs 1,900 per sq.ft in 2024, which is a 12% rise.

Overall, from 2007 to 2024, the guideline value has increased by 111%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, and ARGA Layout's current value is above this median.

• Arokiasamy Street: Rs 1,120 per sq.ft (2024)
• Arul Nagar (or) Nehruji Nagar: Rs 1,100 per sq.ft (2024)
• Arumugam Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Aruna Nagar: Rs 1,100 per sq.ft (2024)
• Anna Nagar New Line Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in ARGA Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers ARGA Layout?

The Sub Registrar Office that covers ARGA Layout is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor during property registration, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately assess costs involved in the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in Sanganur.

Frequently asked questions

What is the current guideline value of ARGA Layout?

The current guideline value of ARGA Layout is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 111% over the years.

What is the land classification of ARGA Layout?

ARGA Layout falls under the Residential Class I Type - I land classification.

What are the stamp duty and registration fees for properties in ARGA Layout?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for ARGA Layout?

The Gandhipuram Sub Registrar Office handles registrations for ARGA Layout, located at Kalapatti Road, near Saravanampatti Police Station.