Guideline Value for ARULJOTHI NAGAR EAST EXTENSION

Aruljothi Nagar East Extension guideline value

The current guideline value of Aruljothi Nagar East Extension is Rs 840 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Aruljothi Nagar East Extension has changed

Over the years, the guideline value for Aruljothi Nagar East Extension has seen several revisions. The earliest recorded value was Rs 440 per sq.ft in 2007. This increased to Rs 750 per sq.ft in 2012, but then decreased to Rs 502 per sq.ft in 2017. Following this, the value rose significantly to Rs 750 per sq.ft in 2023, and most recently to Rs 840 per sq.ft in 2024, marking a 12% increase from the previous year.

From 2007 to 2024, the overall increase in guideline value is 91%. Notably, the value rose by 49% from 2017 to 2023. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO, with guideline values ranging from Rs 840 to Rs 4,480 per sq.ft. The median guideline value is Rs 840 per sq.ft, which is the same as the current value for Aruljothi Nagar East Extension.

• Aruljothi Nagar East 2nd Street: Rs 840 per sq.ft (2024)
• Aruljothi Nagar East Extn 1st St: Rs 840 per sq.ft (2024)
• Aruljothi Nagar 3rd Street(South): Rs 840 per sq.ft (2024)
• Aruljothi Nagar East Extn 2nd St: Rs 840 per sq.ft (2024)
• Aruljothi Nagar 3rd Street S/N Road: Rs 840 per sq.ft (2024)
• Aruljothi Nagar Ist Street (T.M.S Nagar North): Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothi Nagar East Extension

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. 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 Aruljothi Nagar East Extension?

The Sub Registrar Office covering Aruljothi Nagar East Extension is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - E

The guideline value is crucial when registering property transactions in Ward - E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value is assessed to ensure that the correct fees are applied based on either the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar East Extension?

The current guideline value of Aruljothi Nagar East Extension is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 440 per sq.ft in 2007 to Rs 840 per sq.ft in 2024, showing an overall increase of 91% over this period.

What is the stamp duty for property in Aruljothi Nagar East Extension?

The stamp duty for property in Aruljothi Nagar East Extension is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

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

What is the land classification of Aruljothi Nagar East Extension?

Aruljothi Nagar East Extension is classified as Residential Class IV Type - I.