Guideline Value for ARUMUTHAMPALAYAM ROAD

Arumuthampalayam Road guideline value

The current guideline value of Arumuthampalayam Road is Rs 445 per sq.ft, effective from 1 July 2024. This road is located in Naranapuram village, under the Palladam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Arumuthampalayam Road has changed

The guideline value for Arumuthampalayam Road has seen several revisions over the years. In 2012, the value was set at Rs 450 per sq.ft, which then decreased to Rs 301 per sq.ft in 2017, marking a 33% drop. From 2017 to 2023, the value increased by 50% to reach Rs 450 per sq.ft. However, in the 2024 revision, the value slightly decreased to Rs 445 per sq.ft, reflecting a change of -1% from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007. Overall, the guideline value has decreased by 1% from 2012 to 2024.

Guideline values in Naranapuram

Naranapuram village has a total of 64 streets under the Palladam SRO that have a 2024 guideline value ranging from Rs 301 to Rs 1,060 per sq.ft. The median value among these streets is Rs 445 per sq.ft, which is the same as the guideline value for Arumuthampalayam Road.

• Arulanatha Swamykovil Street: Rs 445 per sq.ft (2024)
• Arijana Colony-2: Rs 301 per sq.ft (2024)
• Arijana Colony-1: Rs 301 per sq.ft (2024)
• Arijanacolony: Rs 445 per sq.ft (2024)
• Avinasi Salai: Rs 445 per sq.ft (2024)
• Annamalai Nagar: Rs 445 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuthampalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 445 per sq.ft, the total guideline value would be Rs 4,45,000. The stamp duty at 7% would amount to Rs 31,150, and the registration fee at 2% would be Rs 8,900, bringing the total cost for these charges to Rs 40,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on the charges, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuthampalayam Road?

The Arumuthampalayam Road is covered by the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Naranapuram. It serves as a benchmark for determining the stamp duty and registration fees payable during the property registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with legal requirements.

When registering a property, the guideline value helps establish the official value of the property, which can influence the overall transaction. It is essential for both parties to be informed about the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arumuthampalayam Road?

The current guideline value of Arumuthampalayam Road is Rs 445 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2012 to Rs 301 per sq.ft in 2017, then increased to Rs 450 per sq.ft in 2023, and finally decreased to Rs 445 per sq.ft in 2024.

What is the land classification for Arumuthampalayam Road?

The land classification for Arumuthampalayam Road is Residential Class III Type - I.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Arumuthampalayam Road?

The registration for Arumuthampalayam Road is handled by the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.