Guideline Value for ARUL KAMACHI NAGAR

Arul Kamachi Nagar guideline value

The current guideline value of Arul Kamachi Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vedapatti village under the Thondamuthur SRO, classified as Residential Class II Type - II.

How the guideline value of Arul Kamachi Nagar has changed

Since the 2007 revision, the guideline value for Arul Kamachi Nagar has seen a significant increase. In 2007, the guideline value was Rs 110 per sq.ft, which rose to Rs 200 per sq.ft in 2012. However, it decreased to Rs 134 per sq.ft in 2017. The 2023 revision set the value at Rs 200 per sq.ft, and the most recent revision in 2024 has increased it to Rs 220 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 100%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Vedapatti

In Vedapatti, there are 48 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 140 to Rs 1,790 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which aligns with the current guideline value of Arul Kamachi Nagar.

• Annga Pannadi St: Rs 220 per sq.ft (2024)
• Ayyavu Nager: Rs 335 per sq.ft (2024)
• Annai Indira St: Rs 220 per sq.ft (2024)
• Angppa Pannadi St: Rs 335 per sq.ft (2024)
• Bhasiyam Naidu Lane: Rs 140 per sq.ft (2024)
• Aalagirisami Lane: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Kamachi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total charges to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arul Kamachi Nagar?

The Sub Registrar Office that covers Arul Kamachi Nagar is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore-641 108, 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 Vedapatti

The guideline value plays a crucial role in the registration process when buying or selling property in Vedapatti. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Arul Kamachi Nagar?

The current guideline value of Arul Kamachi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 110 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, marking an overall increase of 100% over the years.

What is the land classification of Arul Kamachi Nagar?

Arul Kamachi Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Arul Kamachi Nagar?

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

How is the stamp duty calculated for property in Arul Kamachi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 220 per sq.ft would incur a stamp duty of Rs 15,400.