Guideline Value for ARUMUGAM SALAI

Arumugam Salai guideline value

The current guideline value of Arumugam Salai in Dhali village is Rs 200 per sq.ft, effective from 1 July 2024. This falls under the Commercial Class I Type - I land classification and is registered with the Udumalpettai SRO.

How the guideline value of Arumugam Salai has changed

The guideline value for Arumugam Salai has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 35 per sq.ft. This increased to Rs 80 per sq.ft in 2012, marking a 129% rise. The value further increased to Rs 100 per sq.ft in 2017, reflecting a 25% growth. Between 2017 and 2023, the value doubled to Rs 200 per sq.ft, indicating a 100% increase. The most recent revision in 2024 maintained the value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for Arumugam Salai in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 471%.

Guideline values in Dhali

In Dhali village, there are 36 streets under the Udumalpettai SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with a median also at Rs 200 per sq.ft. Arumugam Salai's 2024 figure is equal to this median.

• Aranmanai Street: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Baganai Kovil Street: Rs 200 per sq.ft (2024)
• Anaimalai Road: Rs 200 per sq.ft (2024)
• Ambhedkar Street: Rs 200 per sq.ft (2024)
• Alaghar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 18,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arumugam Salai?

The Sub Registrar Office that covers Arumugam Salai is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Dhali. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is essential for both parties to understand the financial implications of the transaction. It helps in setting a fair price and ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Arumugam Salai?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 35 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 471% over the years.

What is the land classification for Arumugam Salai?

Arumugam Salai is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where is the Sub Registrar Office for Arumugam Salai located?

The Sub Registrar Office for Arumugam Salai is the Udumalpettai Sub Registrar Office, located at 21, Katcheri Street, Taluk Office Campus, Udumalpet-642126, Coimbatore registration zone.

How is stamp duty calculated for properties in Arumugam Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.