Guideline Value for ARUMUGA AVENUE

Arumuga Avenue guideline value

The current guideline value of Arumuga Avenue in Thetthipalayam village is Rs 200 per sq.ft, effective from the 2024 revision. This property falls under the Thondamuthur SRO and is classified as Residential Class I Type - III.

How the guideline value of Arumuga Avenue has changed

The guideline value of Arumuga Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 70 per sq.ft, which increased to Rs 175 per sq.ft in 2012, marking a significant rise of 150%. However, from 2012 to 2017, the value decreased by 33% to Rs 117 per sq.ft. The 2017 revision brought the value up to Rs 175 per sq.ft in 2023, reflecting a 50% increase. The most recent revision in 2024 set the guideline value at Rs 200 per sq.ft, which is a 14% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 186%.

Guideline values in Thetthipalayam

In Thetthipalayam, there are 29 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 280 per sq.ft. The guideline value for Arumuga Avenue is below this median.

• Arul Nagar: Rs 280 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 200 per sq.ft (2024)
• BAHRTHIAR St: Rs 500 per sq.ft (2024)
• Balaji Gardens: Rs 280 per sq.ft (2024)
• A K C Avenue: Rs 200 per sq.ft (2024)
• Dr KANDHASAMY NAGAR: Rs 280 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Avenue

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumuga Avenue?

The Sub Registrar Office that covers Arumuga Avenue is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thetthipalayam

The guideline value plays a crucial role in property transactions in Thetthipalayam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate market and local development, which can impact the overall cost of property transactions.

Frequently asked questions

What is the current guideline value of Arumuga Avenue?

The current guideline value of Arumuga Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 186% over the years.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Arumuga Avenue?

The Thondamuthur Sub Registrar Office handles registrations for Arumuga Avenue, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

What is the median guideline value in Thetthipalayam?

The median guideline value in Thetthipalayam is Rs 280 per sq.ft, while Arumuga Avenue's guideline value is below this median at Rs 200 per sq.ft.