Guideline Value for ARULJOTHI NAGAR

Aruljothi Nagar guideline value

The current guideline value of Aruljothi Nagar is Rs 713 per sq.ft, effective from 1 July 2024. This locality is situated in Veerapandi village, under the Nallur_Tiruppur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Aruljothi Nagar has changed

The guideline value for Aruljothi Nagar has seen significant changes over the years. In the 2012 revision, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a substantial increase of 248%, bringing the value to Rs 700 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 713 per sq.ft, reflecting a 2% rise from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 138%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft, with a median value of Rs 709 per sq.ft. The guideline value of Aruljothi Nagar is above this median.

• Arigar Anna Nagar: Rs 705 per sq.ft (2024)
• Arun Nagar: Rs 713 per sq.ft (2024)
• Asiriyar Colony: Rs 709 per sq.ft (2024)
• Athavan Nagar: Rs 713 per sq.ft (2024)
• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Anna Nagar (133): Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,13,000. The stamp duty at 7% would be Rs 49,910, and the registration fee at 2% would be Rs 14,260, totaling Rs 64,170. It is important to note that duty is charged on the higher of the guideline value and 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 Veerapandi

The guideline value is a crucial aspect when buying or selling property in Veerapandi. It serves as a benchmark for calculating the stamp duty and registration fees that are due at the time of registration. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the transaction is recorded accurately in the official registry. This process helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar?

The current guideline value of Aruljothi Nagar is Rs 713 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2012 to Rs 713 per sq.ft in 2024, reflecting an overall increase of 138% over this period.

What are the stamp duty and registration fees for properties in Aruljothi Nagar?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 64,170, based on the current guideline value of Rs 7,13,000.

Which Sub Registrar Office covers Aruljothi Nagar?

The Nallur_Tiruppur Sub Registrar Office covers Aruljothi Nagar, located near Hotel Riverview, Nagapattinam 611002, Coimbatore.

What is the land classification of Aruljothi Nagar?

Aruljothi Nagar is classified as Residential Class III Type - I, indicating its designation for residential use within the region.