Guideline Value for ARULLAPPAR THOTTAM

Arullappar Thottam guideline value

The current guideline value of Arullappar Thottam is Rs 840 per sq.ft, effective from 1 July 2024. This village falls under the Tiruppur Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Arullappar Thottam has changed

Over the years, the guideline value of Arullappar Thottam has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, the value rose significantly to Rs 750 per sq.ft in 2023, and then further increased to Rs 840 per sq.ft in the 2024 revision, marking a 12% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Notably, the 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 revision had an increase of 24%. Overall, from 2007 to 2024, the guideline value has increased by 39%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward - C

In Ward - C, there are 137 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 840 to Rs 4,480 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Arullappar Thottam's 2024 figure below that median.

• Ashar Mill Labour Colony: Rs 1,120 per sq.ft (2024)
• ASHAR MILL LABOUR COLONY 1ST to 3rd STREET: Rs 1,120 per sq.ft (2024)
• ASHAR NAGAR 1ST to 4th STREET: Rs 1,680 per sq.ft (2024)
• Ashar Nagar 60 Feet Road: Rs 2,575 per sq.ft (2024)
• Ashar Nagar Main Road: Rs 2,575 per sq.ft (2024)
• Ashar Nagar North 1st Street: Rs 1,680 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 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, making the total cost Rs 75,600. 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 covering Arullappar Thottam 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 Ward - C

The guideline value is a crucial factor during property registration in Ward - C. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions, as both parties must adhere to the established guideline values set by the authorities.

Frequently asked questions

What is the current guideline value of Arullappar Thottam?

The current guideline value of Arullappar Thottam is Rs 840 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 502 per sq.ft in 2017 to Rs 840 per sq.ft in 2024, with various changes in between.

What is the land classification of Arullappar Thottam?

Arullappar Thottam is classified as Residential Class IV Type - I, indicating its designation for residential use.

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, a property valued at Rs 8,40,000 would incur a total of Rs 75,600 in fees.

Where can I find the Sub Registrar Office for Arullappar Thottam?

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