Guideline Value for ARUMUGAM NAGAR

Arumugam Nagar guideline value

The current guideline value of Arumugam Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Periyanegamam village, under the Negamam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arumugam Nagar has changed

According to the guideline value register, there are no figures available for Arumugam Nagar for the years 2023, 2017, 2012, 2007, 2003, and 2002. The only revision that provides a figure is the 2024 revision, which lists the guideline value at Rs 200 per sq.ft.

Since there are no figures for the previous revisions, it can be concluded that the guideline value for Arumugam Nagar has remained unchanged between the revisions listed. The 2024 figure of Rs 200 per sq.ft is equal to the median value for the streets in Periyanegamam.

Guideline values in Periyanegamam

In Periyanegamam, there are 91 streets under the Negamam SRO with a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is the same as the guideline value for Arumugam Nagar.

• Arumugam Pillai Street: Rs 200 per sq.ft (2024)
• Arumugam Chettiar Street: Rs 200 per sq.ft (2024)
• Avanaiya Chettiar Lane: Rs 200 per sq.ft (2024)
• Ayie Gounder Street: Rs 200 per sq.ft (2024)
• Anna Nagar R.I. Office Backside: Rs 200 per sq.ft (2024)
• Ayyasamy Kovil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugam Nagar?

The Sub Registrar Office that covers Arumugam Nagar is the Negamam Sub Registrar Office, located at No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyanegamam. It serves as the minimum value for property transactions and is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine 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 Arumugam Nagar?

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

How has the guideline value changed over the years?

There are no figures available for the years 2023, 2017, 2012, 2007, 2003, and 2002 for Arumugam Nagar. The only revision that provides a figure is the 2024 revision, which lists the guideline value at Rs 200 per sq.ft.

What is the land classification for Arumugam Nagar?

Arumugam Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Arumugam Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Arumugam Nagar located?

The Negamam Sub Registrar Office is located at No.36, Kovilpalayam Road, Kaliyappan Palayam, Near Police Station Negamam-642120, Coimbatore registration zone.