Guideline Value for ARUNTHATHIAR COLONY

Arunthathiar Colony guideline value

The current guideline value of Arunthathiar Colony is Rs 701 per sq.ft, effective from 1 July 2024. This street is located in Ward - H village under the Tiruppur Joint II SRO, classified as Residential Class V Type - II.

How the guideline value of Arunthathiar Colony has changed

The guideline value of Arunthathiar Colony has seen several revisions over the years. In 2007, the value was Rs 495 per sq.ft, which increased to Rs 550 per sq.ft in 2012. However, it decreased to Rs 368 per sq.ft in 2017. Following this, the value rose significantly to Rs 700 per sq.ft in 2023, and it has now been revised to Rs 701 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the value increased by 90%, while from 2012 to 2017, it decreased by 33%. The change from 2007 to 2012 was an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 42%.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value is Rs 990 per sq.ft, making Arunthathiar Colony's 2024 figure below that median.

• Arthanari Street: Rs 706 per sq.ft (2024)
• Arthanari Chettiar Lane: Rs 825 per sq.ft (2024)
• Agathigyar Street: Rs 706 per sq.ft (2024)
• Adhidravidar Street: Rs 702 per sq.ft (2024)
• Adhidravidar Colony: Rs 701 per sq.ft (2024)
• Boyar Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathiar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value would be Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, totaling Rs 63,090. Duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunthathiar Colony?

The Arunthathiar Colony falls under the Tiruppur Joint II Sub Registrar Office located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - H

The guideline value is a critical factor during the registration of property transactions in Ward - H. It determines the minimum value at which properties must be registered, influencing the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official valuation set by the government. This helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Arunthathiar Colony?

The current guideline value of Arunthathiar Colony is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, with several revisions in between, including a significant increase of 90% from 2017 to 2023.

What is the land classification of Arunthathiar Colony?

Arunthathiar Colony is classified as Residential Class V Type - II.

Where can I find the Sub Registrar Office for Arunthathiar Colony?

The Sub Registrar Office for Arunthathiar Colony is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in Arunthathiar Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,01,000, the stamp duty would be Rs 49,070 at a rate of 7%.