Guideline Value for ARUNACHALA GOUNDER LAYOUT

Arunachala Gounder Layout guideline value

The current guideline value of Arunachala Gounder Layout is Rs 708 per sq.ft, effective from 1 July 2024. This layout is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arunachala Gounder Layout has changed

The guideline value for Arunachala Gounder Layout has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 250 per sq.ft. This remained unchanged until the 2012 revision, which set the value at Rs 250 per sq.ft. However, in 2017, the value increased significantly to Rs 167 per sq.ft, and then further rose to Rs 700 per sq.ft in 2023. The latest revision in 2024 marked a small increase to Rs 708 per sq.ft.

Notably, there are no recorded figures for the years 2002 and 2003 for this street. The changes in guideline value reflect a +1% increase from 2023 to 2024, a remarkable +319% increase from 2017 to 2023, and a -33% decrease from 2012 to 2017. Overall, from 2007 to 2024, there has been an increase of +183% in the guideline value.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with guideline values ranging from Rs 700 to Rs 1,764 per sq.ft as of 2024. The median guideline value for these streets is Rs 714 per sq.ft, placing Arunachala Gounder Layout's current value below this median.

• Arun Garden: 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 Arunachala Gounder Layout

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

You can also use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Arunachala Gounder Layout?

The Arunachala Gounder Layout falls under the jurisdiction of the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is fairly assessed according to the current market conditions.

Frequently asked questions

What is the current guideline value of Arunachala Gounder Layout?

The current guideline value of Arunachala Gounder Layout 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 significantly from Rs 250 per sq.ft in 2007 to Rs 708 per sq.ft in 2024, with notable increases in 2017 and 2023.

What is the registration fee for properties in Arunachala Gounder Layout?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,08,000 would incur a registration fee of Rs 14,160 at 2%.

Where is the Sub Registrar Office for Arunachala Gounder Layout located?

The Nallur_Tiruppur Sub Registrar Office is located near Hotel Riverview, Nagapattinam 611002, in the Coimbatore registration zone.

What is the land classification for Arunachala Gounder Layout?

Arunachala Gounder Layout is classified as Residential Class IV Type - I, indicating its designation for residential development.