Guideline Value for ARUL NAGAR

Arul Nagar guideline value

The current guideline value of Arul Nagar is Rs 280 per sq.ft, effective from 1 July 2024. This area is located in Thetthipalayam village, under the jurisdiction of the Thondamuthur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Arul Nagar has changed

The guideline value for Arul Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 70 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2012, marking a 257% rise. However, in the 2017 revision, the value decreased to Rs 167 per sq.ft, representing a 33% drop. The value then increased to Rs 250 per sq.ft in 2023, a 50% rise from the previous figure.

The most recent revision in 2024 has set the guideline value at Rs 280 per sq.ft, which is a 12% increase from the 2023 figure. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thetthipalayam

Thetthipalayam village has 29 streets under the Thondamuthur SRO with a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value among these streets is Rs 280 per sq.ft, which is equal to the current guideline value of Arul Nagar.

• Arumuga Avenue: Rs 200 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 200 per sq.ft (2024)
• BAHRTHIAR St: Rs 500 per sq.ft (2024)
• Balaji Gardens: Rs 280 per sq.ft (2024)
• A K C Avenue: Rs 200 per sq.ft (2024)
• Dr KANDHASAMY NAGAR: Rs 280 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 280 per sq.ft, the total guideline value amounts to Rs 2,80,000. The stamp duty at 7% would be Rs 19,600, and the registration fee at 2% would be Rs 5,600, bringing the total fees to Rs 25,200. It is important to note that the 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?

Arul Nagar is covered by the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process when buying or selling property in Thetthipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is recorded at a value that reflects the current market conditions as per the official guidelines.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is properly documented and taxed according to the established rates.

Frequently asked questions

What is the current guideline value of Arul Nagar?

The current guideline value of Arul Nagar is Rs 280 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 280 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

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

For a property valued at Rs 2,80,000, the stamp duty would be Rs 19,600 and the registration fee would be Rs 5,600, totaling Rs 25,200.

Which Sub Registrar Office covers Arul Nagar?

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

What is the land classification for Arul Nagar?

Arul Nagar falls under the Residential Class I Type - I land classification.