Guideline Value for ARTHANARI STREET

Arthanari Street guideline value

The current guideline value of Arthanari Street is Rs 706 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Arthanari Street has changed

The guideline value for Arthanari Street has undergone several revisions over the years. In 2007, the value was Rs 495 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a 41% rise. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, reflecting a 33% drop. The value then rose significantly to Rs 700 per sq.ft in 2023, and further increased to Rs 706 per sq.ft in 2024, a change of 1%.

Overall, from 2007 to 2024, the guideline value has increased by 43%. The revisions for the years 2002 and 2003 do not have figures available for Arthanari Street in the register.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 990 per sq.ft. Arthanari Street's 2024 figure is below this median.

• Arthanari Chettiar Lane: Rs 825 per sq.ft (2024)
• Arunthathiar Colony: Rs 701 per sq.ft (2024)
• Agathigyar Street: Rs 706 per sq.ft (2024)
• Adhidravidar Street: Rs 702 per sq.ft (2024)
• Adhidravidar Colony: Rs 701 per sq.ft (2024)
• Boyar Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in Arthanari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 706 per sq.ft, the total guideline value would be Rs 7,06,000. The stamp duty at 7% would be Rs 49,420, and the registration fee at 2% would be Rs 14,120, totaling Rs 63,540. Please note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arthanari Street?

The Sub Registrar Office covering Arthanari Street is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - H

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value serves as a benchmark for calculating taxes and fees. This ensures that all transactions are conducted transparently and in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value of Arthanari Street?

The current guideline value of Arthanari Street is Rs 706 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 706 per sq.ft in 2024, reflecting an overall increase of 43% over the years.

What are the stamp duty and registration fees for properties in Arthanari Street?

For a property valued at Rs 7,06,000, the stamp duty would be Rs 49,420 and the registration fee would be Rs 14,120, totaling Rs 63,540.

Which Sub Registrar Office is responsible for Arthanari Street?

The Tiruppur Joint II Sub Registrar Office is responsible for Arthanari Street, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification of Arthanari Street?

Arthanari Street is classified as Residential Class III Type - I according to the local land classification regulations.