Guideline Value for AURA

Aura guideline value

The current guideline value of Aura, located in Vellakinar, under the Gandhipuram SRO, is Rs 2,886 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - III.

How the guideline value of Aura has changed

The guideline value for Aura has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,600 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,886 per sq.ft, marking an increase of 11% from the previous year.

With the 2024 revision, the guideline value has reached Rs 2,886 per sq.ft, which is significantly higher than the previous revisions. The 2023 figure of Rs 2,600 per sq.ft reflects the upward trend in the guideline values for this street.

Guideline values in Vellakinar.

In Vellakinar, there are 107 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,030 to Rs 2,886 per sq.ft. The median guideline value for these streets is Rs 1,876 per sq.ft, placing Aura's 2024 figure above this median.

• Asthalakshmi Garden: Rs 1,876 per sq.ft (2024)
• Arudra Garden: Rs 2,615 per sq.ft (2024)
• Anna Veethi: Rs 1,876 per sq.ft (2024)
• Bharathi Veethi -1: Rs 1,270 per sq.ft (2024)
• Bharathi Veethi -2: Rs 1,270 per sq.ft (2024)
• Annai Veethi: Rs 1,270 per sq.ft (2024)

Stamp duty and registration fee for property in Aura

For a 1,000 sq.ft plot at the current guideline value of Rs 2,886 per sq.ft, the total guideline value would be Rs 28,86,000. The stamp duty at 7% would amount to Rs 2,02,020, while the registration fee at 2% would be Rs 57,720. Together, the total cost for stamp duty and registration would be Rs 2,59,740. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aura?

The Sub Registrar Office that covers Aura is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vellakinar. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aura?

The current guideline value of Aura is Rs 2,886 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,600 per sq.ft in 2023 to Rs 2,886 per sq.ft in 2024, marking an increase of 11%. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Aura?

Aura is classified as Residential Class IV Type - III. This classification indicates the type of development and usage permitted in the area.

How is stamp duty calculated for properties in Aura?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,86,000, the stamp duty at 7% would be Rs 2,02,020.

Where is the Sub Registrar Office for Aura located?

The Sub Registrar Office for Aura is located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.