Guideline Value for ARUNACHALAM NAGAR

Arunachalam Nagar guideline value

The current guideline value of Arunachalam Nagar is Rs 251 per sq.ft, effective from 1 July 2024. This area is located in Kottur village and falls under the Anaimalai SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Arunachalam Nagar has changed

The guideline value for Arunachalam Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 65 per sq.ft, which increased to Rs 175 per sq.ft in 2012. The 2017 revision saw a significant rise to Rs 117 per sq.ft, followed by a further increase to Rs 250 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 251 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

Examining the percentage changes, from 2007 to 2012, the value increased by 169%, but it then decreased by 33% from 2012 to 2017. The value rose by 114% from 2017 to 2023, and there was no change from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Kottur

In Kottur, there are 286 streets under the Anaimalai SRO, with 2024 guideline values ranging from Rs 201 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 201 per sq.ft, placing Arunachalam Nagar's 2024 value above this median.

• Ariyapuram: Rs 201 per sq.ft (2024)
• Athi Parasakthi Nagar: Rs 360 per sq.ft (2024)
• Anbu Nagar: Rs 201 per sq.ft (2024)
• Bharath Nagar: Rs 251 per sq.ft (2024)
• Abi Gardens: Rs 361 per sq.ft (2024)
• Cheran Nagar: Rs 360 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 251 per sq.ft, the total guideline value would be Rs 2,51,000. The stamp duty at 7% would amount to Rs 17,570, and the registration fee at 2% would be Rs 5,020, making the total charges together Rs 22,590. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunachalam Nagar?

The Sub Registrar Office that covers Arunachalam Nagar is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottur. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar?

The current guideline value of Arunachalam Nagar is Rs 251 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 65 per sq.ft in 2007 to Rs 251 per sq.ft in 2024, marking an overall increase of 286%.

What are the guideline values of other streets in Kottur?

Other streets in Kottur have varying guideline values, with rates ranging from Rs 201 to Rs 450 per sq.ft. For example, Ariyapuram is at Rs 201 per sq.ft, while Athi Parasakthi Nagar is at Rs 360 per sq.ft.

What fees are associated with property transactions in Arunachalam Nagar?

When transacting property in Arunachalam Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arunachalam Nagar?

The Sub Registrar Office for Arunachalam Nagar is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104.