Guideline Value for ARULMOZHI LANE

Arulmozhi Lane guideline value

The current guideline value of Arulmozhi Lane is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ward - C village under the Udumalpettai SRO, classified as Residential Class IV Type - I.

How the guideline value of Arulmozhi Lane has changed

The guideline value for Arulmozhi Lane has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 289 per sq.ft. In the 2012 revision, it increased to Rs 600 per sq.ft, but then saw a decrease to Rs 402 per sq.ft in the 2017 revision. The value then rose significantly to Rs 600 per sq.ft in the 2023 revision, and currently stands at Rs 660 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2007.

From 2003 to 2012, the value increased by 108%, followed by a decrease of 33% from 2012 to 2017. There was a notable increase of 49% from 2017 to 2023, and a further rise of 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 128%.

Guideline values in Ward - C

In Ward - C, there are 106 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft, with a median value of Rs 475 per sq.ft. The guideline value for Arulmozhi Lane is above this median.

• Appukutti Lane: Rs 380 per sq.ft (2024)
• Appavu Rowthar Street: Rs 475 per sq.ft (2024)
• Avvayar Lane: Rs 1,800 per sq.ft (2024)
• Angappan Lane: Rs 380 per sq.ft (2024)
• Bathrakaliamman Lane: Rs 475 per sq.ft (2024)
• Bazeer Ahamad Colony& Layout: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmozhi Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arulmozhi Lane?

The Sub Registrar Office that covers Arulmozhi Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward - C

The guideline value plays a crucial role in property transactions in Ward - C. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware that the guideline value is a significant factor in the overall cost of property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arulmozhi Lane?

The current guideline value of Arulmozhi Lane is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 289 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 128% over this period.

What is the land classification for Arulmozhi Lane?

Arulmozhi Lane is classified as Residential Class IV Type - I under the Udumalpettai SRO.

What is the stamp duty rate for properties in Arulmozhi Lane?

The stamp duty rate for properties in Arulmozhi Lane is 7%, which is calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Arulmozhi Lane?

The Sub Registrar Office for Arulmozhi Lane is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.