Guideline Value for ARUMUGAM NAGAR

Arumugam Nagar guideline value

The current guideline value of Arumugam Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Ward - B village under the Udumalpettai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Arumugam Nagar has changed

The guideline value for Arumugam Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 316 per sq.ft. In 2012, the value increased to Rs 600 per sq.ft, but then it dropped to Rs 402 per sq.ft in 2017. Following this, the value rose significantly to Rs 600 per sq.ft in 2023, and currently stands at Rs 660 per sq.ft from the 2024 revision. It is important to note that there are no figures available for the years 2002 and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 109%.

Guideline values in Ward - B

In Ward - B, there are 112 streets under the Udumalpettai SRO with a 2024 guideline value ranging from Rs 380 to Rs 2,020 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Arumugam Nagar's 2024 figure above this median.

• Ariyar Real Estate: Rs 500 per sq.ft (2024)
• Arasilango Street: Rs 380 per sq.ft (2024)
• Avanandishwarar Layout: Rs 500 per sq.ft (2024)
• Anusham Nagar: Rs 660 per sq.ft (2024)
• Anna Street: Rs 380 per sq.ft (2024)
• Baseer Ahamed Layout: Rs 660 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 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 fees to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, 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 Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Ward - B. It serves as a benchmark for determining the stamp duty and registration fees during the registration process. Buyers and sellers must consider this value when finalizing the sale price of the property.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both parties adhere to the legal requirements. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Arumugam Nagar?

The current guideline value of Arumugam Nagar 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 316 per sq.ft in 2003 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 109% over these years.

What is the registration fee for property in Arumugam Nagar?

The registration fee is calculated based on the guideline value. For a property valued at Rs 6,60,000, the registration fee would be Rs 13,200 at a rate of 2%.

Which office handles registrations for Arumugam Nagar?

The Udumalpettai Sub Registrar Office handles registrations for Arumugam Nagar, located at 21, Katcheri Street, Taluk Office Campus, Udumalapet-642126, Coimbatore registration zone.

What is the median guideline value for streets in Ward - B?

The median guideline value for streets in Ward - B is Rs 500 per sq.ft, with Arumugam Nagar's current value exceeding this median.