Guideline Value for ARUL NAGAR

Arul Nagar guideline value

The current guideline value of Arul Nagar, located in Muthanampalayam village, is Rs 705 per sq.ft. This value is effective from 1 July 2024 and falls under the Tiruppur Joint I SRO. The land classification for this area is 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. The 2012 revision set the value at Rs 250 per sq.ft, which increased to Rs 167 per sq.ft in the 2017 revision. Following this, the value saw a significant rise to Rs 705 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 322%. Overall, from 2012 to 2024, the guideline value has increased by 182%.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft, with the median being Rs 700 per sq.ft. The guideline value for Arul Nagar is above this median.

• Aruljothinagar: Rs 700 per sq.ft (2024)
• Aruljothi Garden: Rs 700 per sq.ft (2024)
• Aruljothi Aruna Nagar: Rs 700 per sq.ft (2024)
• Arun Garden: Rs 700 per sq.ft (2024)
• Ashok Nagar: Rs 700 per sq.ft (2024)
• Avm Nagar: Rs 711 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 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total charges to Rs 63,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul Nagar?

The Sub Registrar Office that covers Arul Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Muthanampalayam

The guideline value plays a crucial role in the registration process when buying or selling property in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Arul Nagar?

The current guideline value of Arul Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2012 to Rs 705 per sq.ft in 2024, marking an overall increase of 182% over this period.

What are the other streets in Muthanampalayam and their values?

Other streets in Muthanampalayam include Aruljothinagar, Aruljothi Garden, Aruljothi Aruna Nagar, Arun Garden, Ashok Nagar, and Avm Nagar, with values ranging from Rs 700 to Rs 711 per sq.ft as of 2024.

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

For a property valued at Rs 7,05,000, the stamp duty would be Rs 49,350 and the registration fee would be Rs 14,100, totaling Rs 63,450.

Where is the Sub Registrar Office for Arul Nagar located?

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