Guideline Value for ARULJOTHI NAGAR NORTH EXTENSION

Aruljothi Nagar North Extension guideline value

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

How the guideline value of Aruljothi Nagar North Extension has changed

The guideline value for Aruljothi Nagar North Extension has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 440 per sq.ft. This increased to Rs 750 per sq.ft in 2012, followed by a decrease to Rs 502 per sq.ft in 2017. The value then rose significantly to Rs 750 per sq.ft in 2023, before reaching the current rate of Rs 840 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes are notable. From 2007 to 2012, there was a 70% increase, followed by a 33% decrease from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and the latest revision shows a 12% increase from 2023 to 2024. Overall, the guideline value has increased by 91% from 2007 to 2024.

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 value is Rs 840 per sq.ft, which is the same as the current value for Aruljothi Nagar North Extension.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, while the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to 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 North Extension?

The Sub Registrar Office that covers Aruljothi Nagar North 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 an important factor in property transactions within Ward - E. It serves as a benchmark for the minimum value at which properties can be registered. When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that all transactions are documented at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers must consider the guideline value when negotiating property prices to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Aruljothi Nagar North 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 the years.

What is the land classification of Aruljothi Nagar North Extension?

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

Where can I find the registration office for properties in this area?

The registration office for properties in Aruljothi Nagar North Extension is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000, leading to specific fees for registration and duty.