Guideline Value for ARUL JOTHI LAYOUT

Arul Jothi Layout guideline value

The current guideline value of Arul Jothi Layout is Rs 1,095 per sq.ft, effective from 1 July 2024. This layout is located in Chinnavedampatty. village under the Gandhipuram SRO, classified as Residential Class I Type - III.

How the guideline value of Arul Jothi Layout has changed

The guideline value for Arul Jothi Layout has seen significant changes over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking a substantial increase of 273%. The latest revision in 2024 has set the value at Rs 1,095 per sq.ft, reflecting a 10% increase from the previous year.

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 increased by 174%.

Guideline values in Chinnavedampatty.

In Chinnavedampatty., there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft. The median value is Rs 1,095 per sq.ft, which is equal to the current guideline value of Arul Jothi Layout.

• Arumuga Layout: Rs 1,095 per sq.ft (2024)
• Athipalayam Road: Rs 1,025 per sq.ft (2024)
• Anna Nagar (Velappanayakan Pudur): Rs 1,090 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,105 per sq.ft (2024)
• Annai Garden: Rs 1,025 per sq.ft (2024)
• Anjukam Nagar: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Jothi Layout

For a 1,000 sq.ft plot at the current rate of Rs 1,095 per sq.ft, the guideline value amounts to Rs 10,95,000. The stamp duty at 7% would be Rs 76,650, and the registration fee at 2% would be Rs 21,900, totaling Rs 98,550. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul Jothi Layout?

The Sub Registrar Office covering Arul Jothi Layout is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chinnavedampatty. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arul Jothi Layout?

The current guideline value of Arul Jothi Layout is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 1,095 per sq.ft in 2024, reflecting an overall increase of 174% over this period.

What is the land classification for Arul Jothi Layout?

Arul Jothi Layout is classified as Residential Class I Type - III, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Arul Jothi Layout?

The Sub Registrar Office for Arul Jothi Layout is the Gandhipuram Sub Registrar Office, located on Kalapatti Road, near Saravanampatti Police Station, Saravanampatti - 641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Chinnavedampatty?

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