Guideline Value for ARULJOTHI GARDAN

Aruljothi Gardan guideline value

The current guideline value of Aruljothi Gardan is Rs 338 per sq.ft, effective from 1 July 2024. This property is located in Kangeyam village, under the Kangeyam SRO, and is classified as Residential Class II Type - III.

How the guideline value of Aruljothi Gardan has changed

The guideline value for Aruljothi Gardan has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This increased to Rs 134 per sq.ft in 2017, followed by a significant rise to Rs 300 per sq.ft in 2023. The most recent revision in 2024 has further increased the guideline value to Rs 338 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it surged by 124%. The jump from 2023 to 2024 reflects a 13% increase. Overall, the guideline value has increased by 69% from 2012 to 2024.

Guideline values in Kangeyam

In Kangeyam, there are 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value for these streets is Rs 448 per sq.ft, making the current value of Aruljothi Gardan below this median.

• Aruljothinagar: Rs 338 per sq.ft (2024)
• A.S.P. Vetha Nagar: Rs 616 per sq.ft (2024)
• Anna Nagar: Rs 448 per sq.ft (2024)
• Annamalai Nagar: Rs 448 per sq.ft (2024)
• Ayyasamynagar Colony Fifth Street: Rs 448 per sq.ft (2024)
• Ayyasamy Nagar Colony First Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothi Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 338 per sq.ft, the total guideline value would be Rs 3,38,000. The stamp duty at 7% would amount to Rs 23,660, and the registration fee at 2% would be Rs 6,760, leading to a total cost of Rs 30,420. Please 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 Aruljothi Gardan?

The Sub Registrar Office that covers Aruljothi Gardan is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kangeyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value or the sale price, whichever is higher, is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Aruljothi Gardan?

The current guideline value for Aruljothi Gardan is Rs 338 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 200 per sq.ft in 2012, decreasing to Rs 134 per sq.ft in 2017, rising to Rs 300 per sq.ft in 2023, and finally reaching Rs 338 per sq.ft in 2024.

What is the land classification for Aruljothi Gardan?

Aruljothi Gardan is classified as Residential Class II Type - III.

Where can I find the Kangeyam Sub Registrar Office?

The Kangeyam Sub Registrar Office is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

How is stamp duty calculated in Kangeyam?

Stamp duty in Kangeyam is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.