Guideline Value for ARGUS NAGAR,VALLUVAR NAGAR,1,2,3 TH CROSS

Argus Nagar,Valluvar Nagar,1,2,3 Th Cross guideline value

The current guideline value for Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is part of Villankuruchicorpration village under the Ganapathy SRO and is classified as Commercial Class I Type - I.

How the guideline value of Argus Nagar,Valluvar Nagar,1,2,3 Th Cross has changed

The guideline value for Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross has undergone several revisions over the years. The 2024 revision sets the value at Rs 2,800 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision, marking a change of +12%. The 2023 revision had already increased from Rs 1,675 per sq.ft in 2017, which represents a significant increase of +49%. Prior to that, the 2012 revision had a value of Rs 2,500 per sq.ft, showing a decrease of -33% from the 2017 figure, while the 2007 revision also recorded Rs 2,500 per sq.ft.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +12%.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, placing Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross above this median.

• Arima Crown Meadows: Rs 2,675 per sq.ft (2024)
• Arima Wake Field: Rs 5,600 per sq.ft (2024)
• Anna Nagar Society Layout: Rs 1,002 per sq.ft (2024)
• Anna Nagar Balaranganathapuram Nerhur Street: Rs 1,002 per sq.ft (2024)
• Annanagar: Rs 1,120 per sq.ft (2024)
• A.S Nagar: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Argus Nagar,Valluvar Nagar,1,2,3 Th Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Argus Nagar,Valluvar Nagar,1,2,3 Th Cross?

The Sub Registrar Office covering Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross 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 Villankuruchicorpration

The guideline value is a critical factor during the registration of property transactions in Villankuruchicorpration. It serves as a benchmark for determining the minimum price at which property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected costs involved in the transaction. It is essential to consider the guideline value when negotiating sale prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross?

The current guideline value for Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, with several revisions in between, including Rs 2,500 per sq.ft in 2023.

What is the land classification for this area?

The land classification for Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006, covering Argus Nagar, Valluvar Nagar, 1, 2, 3 Th Cross.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000.