Guideline Value for ARULLAPPAR THOTTAM

Arullappar Thottam guideline value

The current guideline value of Arullappar Thottam is Rs 702 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint II SRO and is classified as Residential Class III Type - III.

How the guideline value of Arullappar Thottam has changed

The guideline value for Arullappar Thottam has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 525 per sq.ft. This value increased to Rs 352 per sq.ft in 2017, and then jumped significantly to Rs 700 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 702 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 99%. The overall change from 2012 to 2024 reflects a rise of 34% in the guideline value.

Guideline values in WARD - i

In WARD - i, there are a total of 108 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,480 per sq.ft. The median value is Rs 1,100 per sq.ft, indicating that Arullappar Thottam's current guideline value is below this median.

• Ashar Mill: Rs 4,400 per sq.ft (2024)
• Ashar Mill (Avinashi Road): Rs 4,480 per sq.ft (2024)
• Asharmill Colony Ashar Nagar: Rs 1,210 per sq.ft (2024)
• Ashar Mill Labour Colony 1st Street: Rs 880 per sq.ft (2024)
• Ashar Mill Labour Colony 2nd Street: Rs 880 per sq.ft (2024)
• Ashar Mill Labour Colony 3rd Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Arullappar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value would be Rs 7,02,000. The stamp duty at 7% would amount to Rs 49,140, and the registration fee at 2% would be Rs 14,040, making the total cost for these fees Rs 63,180. It is important to note that the 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 Arullappar Thottam?

The Sub Registrar Office that covers Arullappar Thottam is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in WARD - i

The guideline value is a crucial factor in the registration process for property transactions in WARD - i. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the guideline value ensures that the transaction is recorded at a standard value, which helps maintain transparency and fairness in property dealings. Buyers and sellers must be aware of the current guideline value to accurately estimate the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Arullappar Thottam?

The current guideline value of Arullappar Thottam is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 525 per sq.ft in 2012 to Rs 700 per sq.ft in 2023, and is now Rs 702 per sq.ft in 2024. The value saw a significant increase of 99% from 2017 to 2023.

What is the land classification of Arullappar Thottam?

Arullappar Thottam is classified as Residential Class III Type - III. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 63,180.

Which office handles property registrations in Arullappar Thottam?

The Tiruppur Joint II Sub Registrar Office handles property registrations in Arullappar Thottam. It is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.