Guideline Value for ARUMAIKARAN THOTTAM

Arumaikaran Thottam guideline value

The current guideline value of Arumaikaran Thottam is Rs 715 per sq.ft, effective from 1 July 2024. This street is located in Velampalayam village and falls under the Tiruppur Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Arumaikaran Thottam has changed

The guideline value for Arumaikaran Thottam has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft again, and the most recent revision in 2024 set the value at Rs 715 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The jump from 2023 to 2024 was 19%. Overall, from 2012 to 2024, the guideline value has increased by 19%.

Guideline values in Velampalayam

In Velampalayam, there are 472 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value, ranging from Rs 701 to Rs 4,480 per sq.ft. The median guideline value in this village is Rs 711 per sq.ft, placing Arumaikaran Thottam's 2024 figure above that median.

• Arivozhi Veethi Samundipuram: Rs 715 per sq.ft (2024)
• Arivoli Veethi: Rs 705 per sq.ft (2024)
• Arijana Colony: Rs 703 per sq.ft (2024)
• Arasan Nagar: Rs 706 per sq.ft (2024)
• A P V Nagar 1st Street: Rs 709 per sq.ft (2024)
• Appollo Agaram Avenue: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Arumaikaran Thottam

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,15,000. The stamp duty at 7% would be Rs 50,050, and the registration fee at 2% would be Rs 14,300, making the total Rs 64,350. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumaikaran Thottam?

The Sub Registrar Office that covers Arumaikaran 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 Velampalayam

The guideline value is a crucial factor when buying or selling property in Velampalayam. It serves as the minimum value for property transactions, ensuring that the sale price is not below this threshold. During registration, the guideline value is used to calculate the stamp duty and registration fees.

When a property is sold, the buyer must pay the applicable stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Arumaikaran Thottam?

The current guideline value of Arumaikaran Thottam is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 715 per sq.ft in 2024.

What is the land classification for Arumaikaran Thottam?

The land classification for Arumaikaran Thottam is Residential Class I Type - I.

What is the registration office for Arumaikaran Thottam?

The registration office for Arumaikaran Thottam is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is stamp duty calculated for properties in Arumaikaran Thottam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 64,350.