Guideline Value for ARULJOTHI NAGAR NORTH

Aruljothi Nagar North guideline value

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

How the guideline value of Aruljothi Nagar North has changed

The guideline value for Aruljothi Nagar North has seen 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, marking a 70% rise. However, the value dropped to Rs 502 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 750 per sq.ft in 2023, followed by a further increase to Rs 840 per sq.ft in 2024, reflecting a 12% rise.

Overall, from 2007 to 2024, the guideline value has increased by 91%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ward - E

In Ward - E, there are 171 streets under the Tiruppur Joint I SRO that have a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft, with the median value being Rs 840 per sq.ft. Aruljothi Nagar North's 2024 guideline value aligns with this median.

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

Stamp duty and registration fee for property in Aruljothi Nagar North

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total 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, bringing the total cost for these fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aruljothi Nagar North?

The Sub Registrar Office that covers Aruljothi Nagar North 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 a crucial factor during the registration of property transactions in Ward - E. It serves as a reference point for determining the stamp duty and registration fees payable, ensuring that both buyers and sellers adhere to the legal requirements set by the registration department.

When a property is sold, the guideline value helps in assessing the official value of the property, which is essential for calculating the applicable taxes and fees. This ensures transparency and compliance with the regulations governing property transactions.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar North?

The current guideline value of Aruljothi Nagar North 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, reflecting an overall increase of 91% over the years.

What are the registration fees for property in Aruljothi Nagar North?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Aruljothi Nagar North?

The Tiruppur Joint I Sub Registrar Office handles registrations for Aruljothi Nagar North, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the land classification for Aruljothi Nagar North?

Aruljothi Nagar North is classified as Residential Class IV Type - I according to the land classification regulations.