Guideline Value for ARULANANTHA NAGAR (THOTTIPALAYAM)

Arulanantha Nagar (Thottipalayam) guideline value

The current guideline value of Arulanantha Nagar (Thottipalayam) is Rs 1,040 per sq.ft, effective from 1 July 2024. This area falls under KALAPATTY_East village and is classified as Residential Class II Type - II. The relevant Sub Registrar Office for this area is the Gandhipuram SRO.

How the guideline value of Arulanantha Nagar (Thottipalayam) has changed

The guideline value for Arulanantha Nagar (Thottipalayam) has seen significant changes over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This figure rose dramatically to Rs 1,000 per sq.ft in the 2023 revision, marking an increase of 273%. The latest revision in 2024 has further increased the guideline value to Rs 1,040 per sq.ft, reflecting a 4% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 288%.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median value for these streets is Rs 1,055 per sq.ft, placing Arulanantha Nagar (Thottipalayam) below this median.

• Arulanantha Puram: Rs 1,040 per sq.ft (2024)
• Arena Gardens: Rs 2,010 per sq.ft (2024)
• Arangasamy Nagar (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Ashok Layout (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Ashok Nagar Extension VI: Rs 1,590 per sq.ft (2024)
• Ashok Nagar Extention V: Rs 1,060 per sq.ft (2024)

Stamp duty and registration fee for property in Arulanantha Nagar (Thottipalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, while the registration fee at 2% would be Rs 20,800, bringing the total to Rs 93,600. It is important to note that 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 Arulanantha Nagar (Thottipalayam)?

The Sub Registrar Office that covers Arulanantha Nagar (Thottipalayam) is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, 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 KALAPATTY_East

The guideline value is a crucial factor when registering property transactions in KALAPATTY_East. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price. This ensures that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Arulanantha Nagar (Thottipalayam)?

The current guideline value of Arulanantha Nagar (Thottipalayam) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 1,040 per sq.ft in 2024, marking an overall increase of 288% over this period.

What is the median guideline value in KALAPATTY_East?

The median guideline value for streets in KALAPATTY_East is Rs 1,055 per sq.ft, with Arulanantha Nagar (Thottipalayam) being below this median at Rs 1,040 per sq.ft.

Where is the Gandhipuram Sub Registrar Office located?

The Gandhipuram Sub Registrar Office is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is stamp duty calculated for properties in Arulanantha Nagar (Thottipalayam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 10,40,000, the stamp duty at 7% would amount to Rs 72,800.