Guideline Value for ARUN GARDEN

Arun Garden guideline value

The current guideline value of Arun Garden in Muthanampalayam village is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Special Type - IV.

How the guideline value of Arun Garden has changed

In the 2012 revision, the guideline value was Rs 150 per sq.ft. This increased to Rs 100 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 700 per sq.ft, a significant increase of 600%. The 2023 revision maintained the same figure of Rs 700 per sq.ft, and this value remains unchanged in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 367%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Muthanampalayam

In Muthanampalayam, there are 178 streets under the Tiruppur Joint I SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 896 per sq.ft, with the median value being Rs 700 per sq.ft. Arun Garden's 2024 guideline value aligns with this median.

• Ashok Nagar: Rs 700 per sq.ft (2024)
• Arul Nagar: Rs 705 per sq.ft (2024)
• Aruljothinagar: Rs 700 per sq.ft (2024)
• Aruljothi Garden: Rs 700 per sq.ft (2024)
• Aruljothi Aruna Nagar: Rs 700 per sq.ft (2024)
• Avm Nagar: Rs 711 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arun Garden?

The Sub Registrar Office that covers Arun Garden is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, 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 Muthanampalayam

The guideline value is a crucial factor in the registration process when buying or selling property in Muthanampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives appropriate revenue based on the property's value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arun Garden?

The current guideline value of Arun Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 150 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, representing an overall increase of 367%.

What is the land classification of Arun Garden?

Arun Garden is classified as Residential Special Type - IV under the guideline value register.

Where is the Sub Registrar Office for Arun Garden located?

The Tiruppur Joint I Sub Registrar Office is located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Arun Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.