Guideline Value for ARUMUGAM NAGAR

Arumugam Nagar guideline value

The current guideline value of Arumugam Nagar is Rs 610 per sq.ft, effective from 1 July 2024. This area falls under Ward - F village, within 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 seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 550 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 368 per sq.ft. In 2023, the value increased to Rs 550 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 610 per sq.ft, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward - F

In Ward - F, there are 41 streets under the Udumalpettai SRO that carry a 2024 guideline value, ranging from Rs 380 to Rs 2,020 per sq.ft, with a median value of Rs 475 per sq.ft. The guideline value of Arumugam Nagar is above this median.

• Appavu Pillai Layout: Rs 775 per sq.ft (2024)
• Ansari Street: Rs 500 per sq.ft (2024)
• Anna Colony: Rs 380 per sq.ft (2024)
• Andal Srinivasan Lay Out: Rs 380 per sq.ft (2024)
• Gandhi Puram: Rs 380 per sq.ft (2024)
• Good Shed Road: Rs 475 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 610 per sq.ft, the guideline value would be Rs 6,10,000. The stamp duty at 7% would be Rs 42,700, and the registration fee at 2% would be Rs 12,200, bringing the total to Rs 54,900. 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 Arumugam Nagar?

The Sub Registrar Office covering 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 - F

The guideline value is a crucial factor during the registration of property transactions in Ward - F. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value or the sale price is considered, depending on which is higher. 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 610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arumugam Nagar has changed from Rs 550 per sq.ft in 2012 to Rs 610 per sq.ft in 2024, with notable changes in between, including a decrease to Rs 368 per sq.ft in 2017 and an increase back to Rs 550 per sq.ft in 2023.

What are the other streets in Ward - F?

Other streets in Ward - F include Appavu Pillai Layout, Ansari Street, Anna Colony, Andal Srinivasan Lay Out, Gandhi Puram, and Good Shed Road, with their respective guideline values ranging from Rs 380 to Rs 775 per sq.ft in 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for these fees would be Rs 54,900.

Which office handles property registrations for Arumugam Nagar?

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