Guideline Value for ARULANATHA SWAMYKOVIL STREET

Arulanatha Swamykovil Street guideline value

The current guideline value of Arulanatha Swamykovil Street is Rs 445 per sq.ft, effective from 1 July 2024. This street is located in Naranapuram village, under the Palladam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Arulanatha Swamykovil Street has changed

The guideline value for Arulanatha Swamykovil Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 450 per sq.ft. This was followed by a decrease to Rs 301 per sq.ft in 2017, marking a significant drop of 33%. The value increased by 50% in the 2023 revision to reach Rs 450 per sq.ft, but then decreased slightly to Rs 445 per sq.ft in the 2024 revision, reflecting a change of -1%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has decreased by 1%.

Guideline values in Naranapuram

In Naranapuram, there are 64 streets under the Palladam SRO that have a 2024 guideline value ranging from Rs 301 to Rs 1,060 per sq.ft. The median guideline value is Rs 445 per sq.ft, which is equal to the current value of Arulanatha Swamykovil Street.

• Arijana Colony-2: Rs 301 per sq.ft (2024)
• Arijana Colony-1: Rs 301 per sq.ft (2024)
• Arijanacolony: Rs 445 per sq.ft (2024)
• Arumuthampalayam Road: Rs 445 per sq.ft (2024)
• Avinasi Salai: Rs 445 per sq.ft (2024)
• Annamalai Nagar: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Arulanatha Swamykovil Street

For a 1,000 sq.ft plot at the current rate of Rs 445 per sq.ft, the guideline value amounts to Rs 4,45,000. The stamp duty at 7% would be Rs 31,150, and the registration fee at 2% would be Rs 8,900, totaling Rs 40,050. It is important to note that the 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 Arulanatha Swamykovil Street?

The Sub Registrar Office that covers Arulanatha Swamykovil Street is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Naranapuram. It serves as a benchmark for calculating the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to determine the minimum amount on which stamp duty and registration fees are calculated. This helps in standardizing the costs associated with property transactions in the region.

Frequently asked questions

What is the current guideline value of Arulanatha Swamykovil Street?

The current guideline value of Arulanatha Swamykovil Street is Rs 445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally decreased to Rs 445 per sq.ft in 2024.

What is the land classification for Arulanatha Swamykovil Street?

Arulanatha Swamykovil Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value. For example, on a 1,000 sq.ft plot, the total fees would be Rs 40,050.

Which office handles registrations for properties on Arulanatha Swamykovil Street?

The Palladam Sub Registrar Office handles registrations for properties on Arulanatha Swamykovil Street, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.