Guideline Value for ARURA RESIDENCY

Arura Residency guideline value

The current guideline value for Arura Residency, located in Kuniyamuthur village, is Rs 1,007 per sq.ft, effective from 1 July 2024. This property falls under the Coimbatore South Joint 1 SRO and is classified as Residential Class IV Type - I.

How the guideline value of Arura Residency has changed

The guideline value for Arura Residency has seen changes through various revisions. The most recent revision in 2024 set the guideline value at Rs 1,007 per sq.ft, an increase of 1% from the 2023 revision, which was Rs 1,000 per sq.ft. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, the last recorded figure was Rs 1,000 per sq.ft in 2023. The changes from 2023 to 2024 reflect a steady increase in the guideline value, indicating a small upward adjustment in property valuation in this area.

Guideline values in Kuniyamuthur

In Kuniyamuthur, there are 410 streets under the Coimbatore South Joint 1 SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 1,550 per sq.ft. The median guideline value in this area is Rs 1,003 per sq.ft, placing Arura Residency's 2024 figure above that median.

• A.S Garden: Rs 1,200 per sq.ft (2024)
• Ashok kumar Nagar: Rs 1,001 per sq.ft (2024)
• Ashok Nagar: Rs 1,001 per sq.ft (2024)
• Arumuga Gounder Street: Rs 1,003 per sq.ft (2024)
• Arumuga Boyan Street: Rs 1,003 per sq.ft (2024)
• Arputham Nagar: Rs 1,003 per sq.ft (2024)

Stamp duty and registration fee for property in Arura Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 1,007 per sq.ft, the total guideline value amounts to Rs 10,07,000. The stamp duty at 7% would be Rs 70,490, and the registration fee at 2% would be Rs 20,140, bringing the total to Rs 90,630. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arura Residency?

The Sub Registrar Office that covers Arura Residency is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial element in the registration process when buying or selling property in Kuniyamuthur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Arura Residency?

The current guideline value of Arura Residency is Rs 1,007 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,007 per sq.ft in 2024, reflecting a 1% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Arura Residency?

Arura Residency is classified as Residential Class IV Type - I. This classification is significant for understanding the property’s usage and potential development.

What are the stamp duty and registration fees for a property in Arura Residency?

For a 1,000 sq.ft plot, the guideline value is Rs 10,07,000. The stamp duty at 7% amounts to Rs 70,490, and the registration fee at 2% is Rs 20,140, totaling Rs 90,630.

Which Sub Registrar Office covers this area?

The Coimbatore South Joint 1 Sub Registrar Office covers Arura Residency, located at No.410a, Raja Street, Coimbatore-641001. This office handles all registration activities for properties in this locality.