Guideline Value for ARUKOMBAI VEETHI

Arukombai Veethi guideline value

The current guideline value of Arukombai Veethi 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 and is classified as Residential Class III Type - II.

How the guideline value of Arukombai Veethi has changed

The guideline value for Arukombai Veethi has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,120 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking a change of +12%. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, which had risen by +49% to reach Rs 1,000 per sq.ft in 2023. The 2012 revision also recorded a value of Rs 1,000 per sq.ft, but this represented a decrease of -33% from Rs 670 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value increased by +12%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was the first recorded figure for Arukombai Veethi, starting at Rs 1,000 per sq.ft. The changes over the years reflect the fluctuations in the guideline values as determined by the Registration Department.

Guideline values in Ward - K

In Ward - K, there are 175 streets under the Tiruppur Joint I SRO with 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 aligns with the current guideline value of Arukombai Veethi.

• Arukombai Ist To 4th Street: Rs 1,120 per sq.ft (2024)
• Arugombai Mettupalayam (Mettuppallam): 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 Veethi

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value amounts to 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, totaling Rs 1,00,800. 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 information on fees applicable to your property transactions.

Which Sub Registrar Office covers Arukombai Veethi?

The Sub Registrar Office that covers Arukombai Veethi is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. For more details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Ward - K, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to accurately assess the financial implications of their property transactions.

When a property is sold, the guideline value acts as a benchmark for calculating the applicable fees. It is essential for both parties to understand that the fees are based on the higher of the guideline value or the sale price, ensuring that the correct amount is paid to the Registration Department.

Frequently asked questions

What is the current guideline value of Arukombai Veethi?

The current guideline value of Arukombai Veethi 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 2023 to Rs 1,120 per sq.ft in 2024. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification for Arukombai Veethi?

Arukombai Veethi is classified as Residential Class III Type - II, indicating its designation for residential use.

What are the stamp duty rates for properties in Arukombai Veethi?

The stamp duty for properties in Arukombai Veethi is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arukombai Veethi?

The Sub Registrar Office for Arukombai Veethi is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.