Guideline Value for ARULJOTHI GARDEN

Aruljothi Garden guideline value

The current guideline value of Aruljothi Garden is Rs 708 per sq.ft, effective from 1 July 2024. This property is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Aruljothi Garden has changed

The guideline value for Aruljothi Garden has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which remained unchanged until the 2012 revision, where it increased to Rs 250 per sq.ft. However, in 2017, the value rose significantly to Rs 167 per sq.ft. The next revision in 2023 saw an increase to Rs 700 per sq.ft, and the most recent revision in 2024 brought it to Rs 708 per sq.ft, reflecting a 1% increase from the previous year.

Notably, the guideline value experienced a substantial increase of 319% from 2017 to 2023. The value decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 183%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Nallur

In Nallur, there are a total of 280 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Aruljothi Garden's 2024 figure below this median.

• Aruljothi Nagar: Rs 712 per sq.ft (2024)
• Arul Nagar: Rs 717 per sq.ft (2024)
• Arunachala Gounder Layout: Rs 708 per sq.ft (2024)
• Arun Garden: Rs 708 per sq.ft (2024)
• Arasu Paniyalar Nagar: Rs 700 per sq.ft (2024)
• Anugrakha Phase-I: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value would be Rs 7,08,000. The stamp duty at 7% would amount to Rs 49,560, and the registration fee at 2% would be Rs 14,160, resulting in a total of Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aruljothi Garden?

The Sub Registrar Office that covers Aruljothi Garden is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value is used to assess the taxes owed, ensuring compliance with local regulations.

When a property is sold, the guideline value helps establish a fair basis for the transaction, ensuring that both parties are aware of the financial implications. It is essential for buyers and sellers to understand the guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Aruljothi Garden?

The current guideline value of Aruljothi Garden is Rs 708 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase of 319% from 2017 to 2023, and a 1% increase from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 183%.

What is the classification of land in Aruljothi Garden?

Aruljothi Garden is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

How does the guideline value affect property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It serves as a benchmark for determining the taxes owed, ensuring compliance with local regulations.

Where can I find more information about the Nallur_Tiruppur SRO?

More information about the Nallur_Tiruppur SRO can be found by visiting the official website or using the find your SRO link for detailed guidance.