Guideline Value for ARUNACHALAGOUNDER STREET,MANTHIRIYAPPAN STREET

Arunachalagounder Street,Manthiriyappan Street guideline value

The current guideline value of Arunachalagounder Street, Manthiriyappan Street is Rs 1,010 per sq.ft, effective from 1 July 2024. This street is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Arunachalagounder Street,Manthiriyappan Street has changed

The guideline value for Arunachalagounder Street, Manthiriyappan Street has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further to Rs 1,010 per sq.ft in the 2024 revision, marking a 1% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 guideline value in this area is Rs 1,120 per sq.ft, indicating that Arunachalagounder Street, Manthiriyappan Street's 2024 guideline value is below the median.

• Aruna Layout: Rs 1,400 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 Arunachalagounder Street,Manthiriyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty at 7% would amount to Rs 70,700, and the registration fee at 2% would be Rs 20,200, making the total cost for these fees Rs 90,900. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalagounder Street,Manthiriyappan Street?

The Sub Registrar Office that covers Arunachalagounder Street, Manthiriyappan Street is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ganapathy. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold or bought, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as determined by the local authorities. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Arunachalagounder Street, Manthiriyappan Street?

The current guideline value of Arunachalagounder Street, Manthiriyappan Street is Rs 1,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,010 per sq.ft in 2024.

What are the registration fees for property transactions?

The registration fees are calculated based on the guideline value. For example, for a property valued at Rs 10,10,000, the stamp duty would be Rs 70,700 and the registration fee would be Rs 20,200, totaling Rs 90,900.

Where is the Ganapathy Sub Registrar Office located?

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

What is the significance of the guideline value?

The guideline value is significant as it establishes the official value of properties for registration purposes, ensuring that transactions are recorded accurately and that the appropriate fees are collected.