Guideline Value for ARUMUGA LAYOUT

Arumuga Layout guideline value

The current guideline value of Arumuga Layout, located in Chinnavedampatty, is Rs 1,095 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Gandhipuram Sub Registrar Office and is classified as Residential Class I Type - III.

How the guideline value of Arumuga Layout has changed

The guideline value of Arumuga Layout has seen significant changes over the years. In 2012, the value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking an increase of 273%. The most recent revision in 2024 raised the value to Rs 1,095 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 174%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chinnavedampatty.

In Chinnavedampatty, there are 144 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 2,000 per sq.ft, with the median being Rs 1,095 per sq.ft. The guideline value for Arumuga Layout is equal to this median.

• Arul Jothi Layout: Rs 1,095 per sq.ft (2024)
• Athipalayam Road: Rs 1,025 per sq.ft (2024)
• Anna Nagar (Velappanayakan Pudur): Rs 1,090 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,105 per sq.ft (2024)
• Azhagu Nagar: Rs 1,095 per sq.ft (2024)
• Bagiyam Layout: Rs 1,095 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value amounts to Rs 10,95,000. The stamp duty at 7% would be Rs 76,650, and the registration fee at 2% would be Rs 21,900, bringing the total fees to Rs 98,550. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumuga Layout?

The Sub Registrar Office that covers Arumuga Layout is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Chinnavedampatty. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Arumuga Layout?

The current guideline value of Arumuga Layout is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2012 to Rs 1,095 per sq.ft in 2024, marking an overall increase of 174% over this period.

What are the stamp duty and registration fees for property in Arumuga Layout?

For a property valued at Rs 10,95,000, the stamp duty would be Rs 76,650 and the registration fee would be Rs 21,900, totaling Rs 98,550.

Which Sub Registrar Office is responsible for Arumuga Layout?

The Gandhipuram Sub Registrar Office is responsible for Arumuga Layout, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What is the land classification of Arumuga Layout?

Arumuga Layout is classified as Residential Class I Type - III, indicating its designation for residential purposes.