Guideline Value for ARULJOTHINAGAR

Aruljothinagar guideline value

The current guideline value of Aruljothinagar, located in Kangeyam village under the Kangeyam SRO, is Rs 338 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Aruljothinagar has changed

The guideline value for Aruljothinagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in the 2017 revision. The value then increased significantly to Rs 300 per sq.ft in 2023 and is now Rs 338 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 69%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kangeyam

Kangeyam village has a total of 202 streets under the Kangeyam SRO, with guideline values ranging from Rs 331 to Rs 1,120 per sq.ft. The median guideline value in the village is Rs 448 per sq.ft, placing Aruljothinagar's 2024 figure below this median.

• Aruljothi Gardan: Rs 338 per sq.ft (2024)
• A.S.P. Vetha Nagar: Rs 616 per sq.ft (2024)
• Anna Nagar: Rs 448 per sq.ft (2024)
• Annamalai Nagar: Rs 448 per sq.ft (2024)
• Ayyasamynagar Colony Fifth Street: Rs 448 per sq.ft (2024)
• Ayyasamy Nagar Colony First Street: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothinagar

For a 1,000 sq.ft plot at the current guideline value of Rs 338 per sq.ft, the total guideline value would be Rs 3,38,000. The stamp duty at 7% would amount to Rs 23,660, and the registration fee at 2% would be Rs 6,760, resulting in a total of Rs 30,420. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aruljothinagar?

The Sub Registrar Office that covers Aruljothinagar is the Kangeyam Sub Registrar Office, located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kangeyam. It determines the minimum value at which properties must be registered, ensuring transparency and compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs that need to be factored into any property transaction. This ensures that both buyers and sellers are aware of the financial implications involved in the registration process.

Frequently asked questions

What is the current guideline value of Aruljothinagar?

The current guideline value of Aruljothinagar is Rs 338 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 338 per sq.ft in 2024, representing an overall increase of 69% over this period.

What is the stamp duty rate for property in Aruljothinagar?

The stamp duty for property transactions in Aruljothinagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Aruljothinagar located?

The Sub Registrar Office for Aruljothinagar is located at No.8, Taluk Office Campus, Kangeyam - 638701, Coimbatore registration zone.

What is the land classification for Aruljothinagar?

The land classification for Aruljothinagar is Residential Class II Type - III, which indicates the type of development permitted in this area.