Guideline Value for ARUNTHATHIAR ST

Arunthathiar St guideline value

The current guideline value of Arunthathiar St is Rs 1,019 per sq.ft, effective from 1 July 2024. This street is located in Veerakeralam village, under the Thondamuthur SRO, classified as Residential Class IV Type - II.

How the guideline value of Arunthathiar St has changed

The guideline value for Arunthathiar St has seen significant changes over the years. In the 2007 revision, the value was Rs 175 per sq.ft, which increased to Rs 200 per sq.ft in 2012, marking a 14% rise. However, from 2012 to 2017, there was a notable decrease of 33%, bringing the value down to Rs 134 per sq.ft. The next revision in 2023 saw a substantial increase of 646%, raising the value to Rs 1,000 per sq.ft. The most recent revision in 2024 further increased the guideline value to Rs 1,019 per sq.ft, reflecting a 2% rise from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 482%.

Guideline values in Veerakeralam

In Veerakeralam village, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft, with a median value of Rs 1,014 per sq.ft. Arunthathiar St's 2024 guideline value of Rs 1,019 per sq.ft is above this median.

• Arokkiya Matha Nager: Rs 1,014 per sq.ft (2024)
• Aravind Garden: Rs 1,012 per sq.ft (2024)
• Baby Gardens: Rs 1,012 per sq.ft (2024)
• Anna Nagar Housing Unit Phase II: Rs 1,024 per sq.ft (2024)
• Anna Nagar Housing Unit: Rs 1,014 per sq.ft (2024)
• Bala Ganeshapuram: Rs 1,012 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathiar St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,019 per sq.ft, the total guideline value would be Rs 10,19,000. The stamp duty at 7% would amount to Rs 71,330, while the registration fee at 2% would be Rs 20,380, resulting in a total of Rs 91,710. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunthathiar St?

The Sub Registrar Office that covers Arunthathiar St is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Veerakeralam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the agreed sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arunthathiar St?

The current guideline value of Arunthathiar St is Rs 1,019 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 175 per sq.ft in 2007 to Rs 1,019 per sq.ft in 2024, reflecting an overall increase of 482% since 2007.

What is the stamp duty rate for properties in Arunthathiar St?

The stamp duty rate for properties in Arunthathiar St is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thondamuthur Sub Registrar Office located?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore- 641 108.

What is the median guideline value in Veerakeralam?

The median guideline value in Veerakeralam is Rs 1,014 per sq.ft, with Arunthathiar St's value of Rs 1,019 per sq.ft being above this median.