Guideline Value for ARUL NAGAR

Arul Nagar guideline value

The current guideline value of Arul Nagar is Rs 717 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Special Type - III.

How the guideline value of Arul Nagar has changed

The guideline value for Arul Nagar has seen several revisions over the years. In 2012, the value was set at Rs 390 per sq.ft, which decreased to Rs 352 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 99%, bringing the value up to Rs 700 per sq.ft. The most recent revision in 2024 has further increased the guideline value by 2%, resulting in the current rate of Rs 717 per sq.ft.

It is important to note that there are no registered figures for Arul Nagar for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 84%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Arul Nagar's 2024 figure above this median.

• Aruljothi Nagar: Rs 712 per sq.ft (2024)
• Aruljothi Garden: Rs 708 per sq.ft (2024)
• Arunachala Gounder Layout: Rs 708 per sq.ft (2024)
• Arun Garden: Rs 708 per sq.ft (2024)
• Arasu Paniyalar Nagar: Rs 700 per sq.ft (2024)
• Atthimarathu Pudur: Rs 708 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 717 per sq.ft, the total guideline value amounts to Rs 7,17,000. The stamp duty at 7% would be Rs 50,190, and the registration fee at 2% would be Rs 14,340. Together, the total cost for stamp duty and registration fee would be Rs 64,530. It is important to 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 Arul Nagar?

The Sub Registrar Office that covers Arul Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Nallur

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership.

Frequently asked questions

What is the current guideline value of Arul Nagar?

The current guideline value of Arul Nagar is Rs 717 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 390 per sq.ft in 2012 to Rs 700 per sq.ft in 2023, and then to Rs 717 per sq.ft in 2024. This represents an overall increase of 84% from 2012 to 2024.

What are the stamp duty and registration fees for properties in Arul Nagar?

For a property valued at Rs 7,17,000, the stamp duty would be Rs 50,190 and the registration fee would be Rs 14,340, totaling Rs 64,530. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Arul Nagar?

The Nallur_Tiruppur Sub Registrar Office is responsible for Arul Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.

What is the land classification for Arul Nagar?

Arul Nagar is classified as Residential Special Type - III, which is relevant for determining the guideline value and other regulatory aspects of property transactions in the area.