Guideline Value for ARUN GARDEN

Arun Garden guideline value

The current guideline value of Arun Garden in Nallur village, under the Nallur_Tiruppur SRO, is Rs 708 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Arun Garden has changed

The guideline value for Arun Garden has seen significant changes over the years. In the 2012 revision, the value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, marking an increase of 319%. The latest revision in 2024 has set the guideline value at Rs 708 per sq.ft, reflecting a 1% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 183%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO with 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median guideline value for these streets is Rs 714 per sq.ft, placing Arun Garden's 2024 figure below that median.

• Arunachala Gounder Layout: Rs 708 per sq.ft (2024)
• Arul Nagar: Rs 717 per sq.ft (2024)
• Aruljothi Nagar: Rs 712 per sq.ft (2024)
• Aruljothi Garden: Rs 708 per sq.ft (2024)
• Atthimarathu Pudur: Rs 708 per sq.ft (2024)
• Atthin Anbu Nagar: Rs 704 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 708 per sq.ft, the total guideline value amounts to Rs 7,08,000. The stamp duty at 7% would be Rs 49,560, and the registration fee at 2% would be Rs 14,160, making the total cost for these fees Rs 63,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arun Garden?

The Sub Registrar Office covering Arun Garden is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nallur. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. The guideline value is used to determine the minimum price at which a property can be registered.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arun Garden?

The current guideline value of Arun Garden is Rs 708 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 708 per sq.ft in 2024, with notable increases in 2017 and 2023.

What are the stamp duty rates in Arun Garden?

The stamp duty rate in Arun Garden is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Arun Garden?

The Nallur_Tiruppur Sub Registrar Office handles registrations for Arun Garden, located near Hotel Riverview, Nagapattinam.

What is the land classification for Arun Garden?

Arun Garden is classified as Residential Class IV Type - I, indicating its suitability for residential development.