Guideline Value for ARUN NAGAR

Arun Nagar guideline value

The current guideline value of Arun Nagar is Rs 713 per sq.ft, effective from 1 July 2024. Arun Nagar is located in Veerapandi village, under the Nallur_Tiruppur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Arun Nagar has changed

The guideline value for Arun Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and further rose by 2% to Rs 713 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

In terms of percentage changes, the value increased by 248% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 138%.

Guideline values in Veerapandi

In Veerapandi village, there are 214 streets under the Nallur_Tiruppur SRO with a 2024 guideline value ranging from Rs 700 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 709 per sq.ft, and Arun Nagar's 2024 figure is above this median.

• Asiriyar Colony: Rs 709 per sq.ft (2024)
• Aruljothi Nagar: Rs 713 per sq.ft (2024)
• Athavan Nagar: Rs 713 per sq.ft (2024)
• Arigar Anna Nagar: Rs 705 per sq.ft (2024)
• Avinasiyappa Lay Out: Rs 709 per sq.ft (2024)
• Ayyavu Nagar: Rs 718 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Nagar

For a 1,000 sq.ft plot at the current rate of Rs 713 per sq.ft, the guideline value would be Rs 7,13,000. The stamp duty at 7% would be Rs 49,910, and the registration fee at 2% would be Rs 14,260, totaling Rs 64,170. 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 Nagar?

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

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

The guideline value plays a crucial role during the registration of property transactions in Veerapandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, 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 appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Arun Nagar?

The current guideline value of Arun Nagar is Rs 713 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 713 per sq.ft in 2024.

What are the other streets in Veerapandi with their guideline values?

Other streets in Veerapandi include Asiriyar Colony (Rs 709 per sq.ft), Aruljothi Nagar (Rs 713 per sq.ft), Athavan Nagar (Rs 713 per sq.ft), Arigar Anna Nagar (Rs 705 per sq.ft), Avinasiyappa Lay Out (Rs 709 per sq.ft), and Ayyavu Nagar (Rs 718 per sq.ft).

What is the registration fee for property in Arun Nagar?

The registration fee for property in Arun Nagar is calculated based on the guideline value. For a plot of 1,000 sq.ft at the current rate, the total registration fee would be Rs 14,260.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore registration zone.