Guideline Value for ARUKOMBAI IST TO 4TH STREET

Arukombai Ist To 4th Street guideline value

The current guideline value of Arukombai Ist To 4th Street is Rs 1,120 per sq.ft, effective from 1 July 2024. This street is located in Ward - K village under the Tiruppur Joint I SRO, classified as Residential Class III Type - II.

How the guideline value of Arukombai Ist To 4th Street has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained the same in the 2012 and 2023 revisions, but in 2017, it decreased to Rs 670 per sq.ft. The 2023 revision saw a significant increase to Rs 1,000 per sq.ft, followed by another increase to Rs 1,120 per sq.ft in the 2024 revision.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects a 12% increase, resulting in the current guideline value of Rs 1,120 per sq.ft.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 780 to Rs 4,480 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the guideline value of Arukombai Ist To 4th Street.

• Arugombai Mettupalayam (Mettuppallam): Rs 1,120 per sq.ft (2024)
• Arukombai Veethi: Rs 1,120 per sq.ft (2024)
• ARUGOMBAI 1ST to 4th STREET: Rs 1,120 per sq.ft (2024)
• Aruljothi Nagar (Thiyagi Kumaran Colony Extn): Rs 840 per sq.ft (2024)
• Asath 1st Street: Rs 3,360 per sq.ft (2024)
• Asath 1st Street North: Rs 3,360 per sq.ft (2024)

Stamp duty and registration fee for property in Arukombai Ist To 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, making the total cost for these fees Rs 1,00,800. 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 details.

Which Sub Registrar Office covers Arukombai Ist To 4th Street?

The Arukombai Ist To 4th Street is covered by the Tiruppur Joint I 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 - K

The guideline value plays a crucial role in property transactions in Ward - K. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. This value is determined by the local authorities and is updated periodically to reflect changes in the real estate market.

When you register a property, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties. Thus, understanding the guideline value is essential for both buyers and sellers in ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arukombai Ist To 4th Street?

The current guideline value of Arukombai Ist To 4th Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,120 per sq.ft in 2024.

What is the land classification for Arukombai Ist To 4th Street?

Arukombai Ist To 4th Street is classified as Residential Class III Type - II.

Where can I find the registration office for this street?

The registration office for Arukombai Ist To 4th Street is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 and the registration fee would be Rs 22,400.