Guideline Value for AROKKIYA MATHA NAGER

Arokkiya Matha Nager guideline value

The current guideline value of Arokkiya Matha Nager is Rs 1,014 per sq.ft, effective from 1 July 2024. This street is located in Veerakeralam village under the Thondamuthur SRO and is classified as Residential Class II Type - II.

How the guideline value of Arokkiya Matha Nager has changed

The guideline value for Arokkiya Matha Nager has undergone several revisions over the years. The earliest recorded figure was Rs 175 per sq.ft in 2007, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The value saw a significant rise to Rs 1,000 per sq.ft in 2023, followed by a slight increase to Rs 1,014 per sq.ft in 2024, marking a 1% change from the previous year.

Overall, the guideline value has increased by 479% from Rs 175 per sq.ft in 2007 to Rs 1,014 per sq.ft in 2024. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

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. The median value is Rs 1,014 per sq.ft, which is equal to the guideline value of Arokkiya Matha Nager.

• Aravind Garden: Rs 1,012 per sq.ft (2024)
• Arunthathiar St: Rs 1,019 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)
• 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 Arokkiya Matha Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,014 per sq.ft, the total guideline value would be Rs 10,14,000. The stamp duty at 7% would amount to Rs 70,980, and the registration fee at 2% would be Rs 20,280, bringing the total cost for these fees to Rs 91,260. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Arokkiya Matha Nager?

The Sub Registrar Office that covers Arokkiya Matha Nager 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 during the registration process of property transactions in Veerakeralam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller comply with the legal requirements.

When buying or selling property, it is essential to be aware of the current guideline value as it influences the overall costs involved in the transaction. This value is regularly updated to reflect changes in the real estate landscape, making it important for potential buyers and sellers to stay informed.

Frequently asked questions

What is the current guideline value of Arokkiya Matha Nager?

The current guideline value of Arokkiya Matha Nager is Rs 1,014 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 175 per sq.ft in 2007 to Rs 1,014 per sq.ft in 2024, which is an overall increase of 479%.

What are the stamp duty and registration fees for property in Arokkiya Matha Nager?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,14,000. The stamp duty at 7% is Rs 70,980, and the registration fee at 2% is Rs 20,280, totaling Rs 91,260 for these fees.

Which Sub Registrar Office covers Arokkiya Matha Nager?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures compliance with legal requirements and reflects the current real estate landscape.