Guideline Value for ARUNS GARDENS

Aruns Gardens guideline value

The current guideline value of Aruns Gardens in Vellanaipatty village, under the Ganapathy SRO, is Rs 335 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Aruns Gardens has changed

The guideline value for Aruns Gardens has seen several revisions over the years. The 2007 revision set the value at Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, there was a decrease to Rs 201 per sq.ft in 2017. The 2023 revision raised it to Rs 300 per sq.ft, and the latest revision in 2024 has increased it further to Rs 335 per sq.ft, marking a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 570%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 335 per sq.ft, which is equal to the guideline value of Aruns Gardens.

• A.P.R Nagar: Rs 335 per sq.ft (2024)
• Babu Gardens: Rs 335 per sq.ft (2024)
• Anna Nagar/ Andakkapalayam: Rs 335 per sq.ft (2024)
• Balu Gardens: Rs 335 per sq.ft (2024)
• Bankers Colony: Rs 335 per sq.ft (2024)
• Bannariamman Nagar: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Aruns Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value is Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, totaling Rs 30,150. It is important to note that 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 Aruns Gardens?

The Sub Registrar Office that covers Aruns Gardens 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 Vellanaipatty

The guideline value is a critical factor in the registration process when buying or selling property in Vellanaipatty. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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

Frequently asked questions

What is the current guideline value of Aruns Gardens?

The current guideline value of Aruns Gardens is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2007 to Rs 335 per sq.ft in 2024, marking a total increase of 570% over the years.

What is the land classification of Aruns Gardens?

Aruns Gardens is classified as Residential Class I Type - II, which is relevant for determining the applicable guidelines and regulations for property transactions.

Where can I find the Sub Registrar Office for Aruns Gardens?

The Ganapathy Sub Registrar Office covers Aruns Gardens, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore. 641006.

How is stamp duty calculated for properties in Aruns Gardens?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a property with a guideline value of Rs 3,35,000 would incur a stamp duty of Rs 23,450 at a rate of 7%.