Guideline Value for ARULJOTHINAGAR

Aruljothinagar guideline value

The current guideline value of Aruljothinagar, located in Muthanampalayam village, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Tiruppur Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Aruljothinagar has changed

The guideline value for Aruljothinagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 100 per sq.ft. This figure saw a significant increase to Rs 700 per sq.ft in the 2023 revision, marking a 600% rise. The value remained the same in the 2024 revision, with no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 600%.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 896 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value for Aruljothinagar.

• Aruljothi Garden: Rs 700 per sq.ft (2024)
• Aruljothi Aruna Nagar: Rs 700 per sq.ft (2024)
• Arul Nagar: Rs 705 per sq.ft (2024)
• Arun Garden: Rs 700 per sq.ft (2024)
• Ashok Nagar: Rs 700 per sq.ft (2024)
• Avm Nagar: Rs 711 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that 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 covering Aruljothinagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Muthanampalayam

The guideline value is a critical factor when registering a property in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value is used to calculate the stamp duty based on the higher of the guideline value or the sale price. This ensures that the appropriate taxes are collected during the registration process.

Frequently asked questions

What is the current guideline value of Aruljothinagar?

The current guideline value of Aruljothinagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, with no change in 2024. This represents a total increase of 600% from 2017 to 2024.

What is the median guideline value in Muthanampalayam?

The median guideline value for streets in Muthanampalayam is Rs 700 per sq.ft, which is the same as the guideline value for Aruljothinagar.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Aruljothinagar?

The Sub Registrar Office for Aruljothinagar is located at Tiruppur Joint I Sub Registrar Office, 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.