Guideline Value for ARIVOZHI NAGAR 583/1

Arivozhi Nagar 583/1 guideline value

The current guideline value for Arivozhi Nagar 583/1 is Rs 300 per sq.ft, effective from the 2024 revision. This property is located in Mulanur village, under the Moolanur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arivozhi Nagar 583/1 has changed

The guideline value for Arivozhi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision recorded a decrease to Rs 201 per sq.ft, marking a -33% change from the previous figure. However, the value rebounded to Rs 300 per sq.ft in 2023 and has remained the same through to the 2024 revision, reflecting a +49% increase from the 2017 figure.

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 not changed, remaining at Rs 300 per sq.ft.

Guideline values in Mulanur

In Mulanur, there are 77 streets under the Moolanur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median of Rs 241 per sq.ft. The guideline value for Arivozhi Nagar 583/1 is above this median.

• Anna Nagar main road ward 7 .516/2,3,4,5.590.591: Rs 300 per sq.ft (2024)
• Anna nagar east street ward 9 515/1A,1B,2,3,516/1,516/6 TO 12,593/1 TO 9: Rs 300 per sq.ft (2024)
• Bharathi Nagar 359/1 to 10: Rs 300 per sq.ft (2024)
• Chinnara valasu Madurai Veeran kovil street ward 5 390: Rs 200 per sq.ft (2024)
• Chinnaravalasu Savadi street ward 5 390: Rs 200 per sq.ft (2024)
• East Harijana StreetGanesan puthur ward 2 689/4: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arivozhi Nagar 583/1

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arivozhi Nagar 583/1?

The Sub Registrar Office that covers Arivozhi Nagar 583/1 is the Moolanur Sub Registrar Office, located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Mulanur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Arivozhi Nagar 583/1?

The current guideline value of Arivozhi Nagar 583/1 is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 figure at Rs 300 per sq.ft, dropping to Rs 201 per sq.ft in 2017, and then returning to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Arivozhi Nagar 583/1?

Arivozhi Nagar 583/1 is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Moolanur Sub Registrar Office?

The Moolanur Sub Registrar Office is located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone.

How is the stamp duty calculated for properties in Mulanur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.