Guideline Value for ARUNA LAYOUT

Aruna Layout guideline value

The current guideline value of Aruna Layout, located in Ganapathy village under the Ganapathy SRO, is Rs 1,400 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Aruna Layout has changed

The guideline value of Aruna Layout has seen significant changes over the years. The earliest recorded value in 2007 was Rs 250 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, there was a decrease to Rs 502 per sq.ft in 2017. Following that, the value surged to Rs 1,250 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,400 per sq.ft, marking an increase of 12% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 460%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Aruna Layout's 2024 figure above this median.

• Arunachalagounder Street, Manthiriyappan Street: Rs 1,010 per sq.ft (2024)
• Arunthathi Colony, Kamarajar Puram: Rs 1,008 per sq.ft (2024)
• Ashok Nagar: Rs 1,010 per sq.ft (2024)
• Ashok Nagar, M.K.P. Colony 1.2.3 Cross: Rs 1,120 per sq.ft (2024)
• A.Ssubramaniam Nagar: Rs 1,400 per sq.ft (2024)
• Athanur Ammankovil Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Aruna Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees together to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aruna Layout?

The Sub Registrar Office that covers Aruna Layout is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ganapathy. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that these costs are based on the official valuation of the property.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which is essential for maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Aruna Layout?

The current guideline value of Aruna Layout is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, which is an overall increase of 460%.

What is the land classification for Aruna Layout?

The land classification for Aruna Layout is Residential Class I Type - I.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for properties in Aruna Layout?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 98,000.