Guideline Value for ARUNTHATIYAR STREET

Arunthatiyar Street guideline value

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

How the guideline value of Arunthatiyar Street has changed

Over the years, the guideline value of Arunthatiyar Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 50 per sq.ft. This rose to Rs 125 per sq.ft in 2012, marking an increase of 150%. However, the value then dropped to Rs 84 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value significantly increased to Rs 200 per sq.ft, representing a rise of 138%. The latest revision in 2024 has maintained this value at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that there are no recorded figures for Arunthatiyar Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Zaminuthukuzhi

In Zaminuthukuzhi village, there are 58 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 200 to Rs 501 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing Arunthatiyar Street's 2024 figure below this median.

• Asariyar Street: Rs 226 per sq.ft (2024)
• Aranmanai Street: Rs 226 per sq.ft (2024)
• Arafa Garden: Rs 226 per sq.ft (2024)
• Bangalaw Road: Rs 226 per sq.ft (2024)
• Angappa Pillai Lane: Rs 226 per sq.ft (2024)
• Bodipalayam Road: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthatiyar Street

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, making the total cost for these fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunthatiyar Street?

The Sub Registrar Office that covers Arunthatiyar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminuthukuzhi. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transfers.

When buying or selling property, the guideline value helps in determining the legal framework for the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Arunthatiyar Street?

The current guideline value of Arunthatiyar Street 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 50 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, showing an overall increase of 300% over the years.

What are the other streets in Zaminuthukuzhi?

Other streets in Zaminuthukuzhi include Asariyar Street, Aranmanai Street, Arafa Garden, Bangalaw Road, Angappa Pillai Lane, and Bodipalayam Road, all with a guideline value of Rs 226 per sq.ft for 2024.

Where can I find the registration office for Arunthatiyar Street?

The registration office for Arunthatiyar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

How is stamp duty calculated for properties in Arunthatiyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.