Guideline Value for ARULJOTHI NAGAR

Aruljothi Nagar guideline value

The current guideline value of Aruljothi Nagar, located in Veerapandi village under the Periyanayakkan Palayam SRO, is Rs 390 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Aruljothi Nagar has changed

Looking at the historical revisions, the guideline value for Aruljothi Nagar has seen several changes over the years. The 2012 revision set the value at Rs 350 per sq.ft, which then decreased to Rs 234 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 350 per sq.ft, with the latest 2024 revision raising it further to Rs 390 per sq.ft, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a significant increase of 50%. Overall, from 2012 to 2024, the guideline value has risen by 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veerapandi

In Veerapandi village, there are 201 streets under the Periyanayakkan Palayam SRO, with guideline values ranging from Rs 220 to Rs 1,050 per sq.ft. The median guideline value in this area is Rs 330 per sq.ft, placing Aruljothi Nagar's 2024 figure above that median.

• Arivolli Nagar (Ward No.4): Rs 220 per sq.ft (2024)
• Arivolli Nagar (Ward No.3): Rs 220 per sq.ft (2024)
• Arck Residency: Rs 1,050 per sq.ft (2024)
• Archana Layout: Rs 610 per sq.ft (2024)
• Arasamarathu Kinaru Street: Rs 220 per sq.ft (2024)
• Athipalayam Road: Rs 235 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 390 per sq.ft, the total guideline value amounts to Rs 3,90,000. The stamp duty at 7% would be Rs 27,300, and the registration fee at 2% would be Rs 7,800, making the total cost for these fees Rs 35,100. It is important to note that 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?

The Sub Registrar Office that covers Aruljothi Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Veerapandi. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when a property is registered. The guideline value helps ensure that the fees are calculated based on a standardized value for the property.

When buying or selling property, it is essential to refer to the current guideline value to understand the financial implications of the transaction. This value is updated periodically, reflecting changes in the real estate market, and is used by the government to assess property transactions.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar?

The current guideline value of Aruljothi Nagar is Rs 390 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, then increased to Rs 350 per sq.ft in 2023, and finally to Rs 390 per sq.ft in 2024.

What is the land classification of Aruljothi Nagar?

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

Where is the Sub Registrar Office for Aruljothi Nagar located?

The Sub Registrar Office for Aruljothi Nagar is located at No.171, kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.

How is stamp duty calculated for properties in Aruljothi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 390 per sq.ft, the stamp duty would be Rs 27,300.