Guideline Value for ARULJOTHI NAGAR

Aruljothi Nagar guideline value

The current guideline value of Aruljothi Nagar, located in Nallur village under the Nallur_Tiruppur SRO, is Rs 712 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Aruljothi Nagar has changed

The guideline value of Aruljothi Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased to Rs 325 per sq.ft in 2012. However, this value decreased to Rs 218 per sq.ft in 2017. The following revision in 2023 saw a significant increase to Rs 700 per sq.ft, and the most recent revision in 2024 has set the value at Rs 712 per sq.ft. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a remarkable increase of 221%, while the value decreased by 33% from 2012 to 2017. The value increased by 30% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 185%.

Guideline values in Nallur

In Nallur, there are 280 streets under the Nallur_Tiruppur SRO, with a 2024 guideline value range from Rs 700 to Rs 1,764 per sq.ft, and the median value is Rs 714 per sq.ft. The guideline value of Aruljothi Nagar is below this median.

• Aruljothi Garden: Rs 708 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 712 per sq.ft, the total guideline value would be Rs 7,12,000. The stamp duty at 7% would amount to Rs 49,840, while the registration fee at 2% would be Rs 14,240. Together, these fees would total Rs 64,080. It is important to note that 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 Nagar?

The Sub Registrar Office that covers Aruljothi Nagar 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 information.

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

The guideline value is a critical factor in property transactions in Nallur. It serves as a benchmark for determining the applicable stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the total fees due. This ensures that both parties in the transaction are aware of the financial implications associated with the sale, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar?

The current guideline value of Aruljothi Nagar is Rs 712 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 712 per sq.ft in 2024, with various revisions in between.

What is the land classification of Aruljothi Nagar?

Aruljothi Nagar falls under the Residential Class III Type - I land classification.

What is the median guideline value in Nallur?

The median guideline value in Nallur is Rs 714 per sq.ft for the year 2024.

Where is the Sub Registrar Office for Aruljothi Nagar located?

The Sub Registrar Office for Aruljothi Nagar is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.