Guideline Value for ARUNACHALAM STREET WARD-15

Arunachalam Street Ward-15 guideline value

The current guideline value of Arunachalam Street Ward-15 is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in West_komaralingam village and falls under the Kaniyur SRO. The land classification for this area is Residential Class III Type - V.

How the guideline value of Arunachalam Street Ward-15 has changed

The guideline value for Arunachalam Street Ward-15 has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 40 per sq.ft. This increased significantly to Rs 160 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 107 per sq.ft in 2017, a drop of 33%. The value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change over that period.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 400%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in West_komaralingam

In West_komaralingam, there are 46 streets under the Kaniyur SRO that carry a 2024 guideline value, all set at Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. This positions Arunachalam Street Ward-15 at the median guideline value for the area.

• Anna Street Ward-15: Rs 200 per sq.ft (2024)
• Annanagar Ward-12: Rs 200 per sq.ft (2024)
• Amman Kovil Street Ward-15: Rs 200 per sq.ft (2024)
• Amman Kovil Street Ward-10: Rs 200 per sq.ft (2024)
• Bharathiyar Street Ward-13: Rs 200 per sq.ft (2024)
• Chellappar Street Ward-11: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Street Ward-15

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Street Ward-15?

The Sub Registrar Office that covers Arunachalam Street Ward-15 is the Kaniyur Sub Registrar Office, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process when buying or selling property in West_komaralingam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the market.

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 correct revenue from property transactions, contributing to local development and infrastructure.

Frequently asked questions

What is the current guideline value of Arunachalam Street Ward-15?

The current guideline value of Arunachalam Street Ward-15 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing a 400% increase overall. There was a decrease in 2017 to Rs 107 per sq.ft, but it has remained at Rs 200 per sq.ft since 2023.

Where can I find the Sub Registrar Office for Arunachalam Street Ward-15?

The Kaniyur Sub Registrar Office covers Arunachalam Street Ward-15, located at 61, Madathukulam Main Road, Kaniyur, Madathukulam Taluk, Tirupur District - 642 203.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

What is the land classification for Arunachalam Street Ward-15?

The land classification for Arunachalam Street Ward-15 is Residential Class III Type - V, which indicates the type of development permitted in this area.