Guideline Value for Aranganayagam Nagar Cross Street No.2

Aranganayagam Nagar Cross Street No.2 guideline value

The current guideline value of Aranganayagam Nagar Cross Street No.2 is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Kumarapalayam village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Aranganayagam Nagar Cross Street No.2 has changed

The guideline value register for Aranganayagam Nagar Cross Street No.2 shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which then increased to Rs 1,002 per sq.ft in the 2024 revision, reflecting a change of +0% between these two years.

Thus, the only recorded revisions for this street are from 2023 and 2024. The current figure of Rs 1,002 per sq.ft is the latest and indicates a slight increase from the previous year's value.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value is Rs 1,001 per sq.ft, making the 2024 figure for Aranganayagam Nagar Cross Street No.2 slightly above this median.

• Aranganayagam Nagar Cross Street No.1: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nagar Cross Street No.3: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nagar Cross Street No.4: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nager: Rs 1,002 per sq.ft (2024)
• Anna Street: Rs 1,550 per sq.ft (2024)
• Arul Garden Extension: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Aranganayagam Nagar Cross Street No.2

For a 1,000 sq.ft plot at the current rate of Rs 1,002 per sq.ft, the guideline value amounts to Rs 10,02,000. The stamp duty, calculated at 7%, would be Rs 70,140, while the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. Note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Aranganayagam Nagar Cross Street No.2?

The Sub Registrar Office that covers Aranganayagam Nagar Cross Street No.2 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kumarapalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's value.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This value is crucial for both buyers and sellers to understand, as it impacts the overall transaction costs involved in property transfers.

Frequently asked questions

What is the current guideline value of Aranganayagam Nagar Cross Street No.2?

The current guideline value of Aranganayagam Nagar Cross Street No.2 is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aranganayagam Nagar Cross Street No.2 has only recorded figures for 2023 and 2024, with the value increasing from Rs 1,000 per sq.ft in 2023 to Rs 1,002 per sq.ft in 2024.

What is the land classification for this street?

Aranganayagam Nagar Cross Street No.2 is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Aranganayagam Nagar Cross Street No.2 is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 at a rate of 7%.