Guideline Value for Aranganayagam Nager

Aranganayagam Nager guideline value

The current guideline value of Aranganayagam Nager is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is located in Kumarapalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Aranganayagam Nager has changed

The guideline value for Aranganayagam Nager has seen a few revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which was updated to Rs 1,002 per sq.ft in the 2024 revision, reflecting a change of +0% between these two years.

As of the 2024 revision, the guideline value stands at Rs 1,002 per sq.ft. This value is slightly above the median guideline value of Rs 1,001 per sq.ft for the 290 streets in Kumarapalayam under the Coimbatore South Joint 1 SRO.

Guideline values in Kumarapalayam

In Kumarapalayam, the guideline values for various streets range from Rs 1,000 to Rs 2,750 per sq.ft. The 2024 guideline value for Aranganayagam Nager is above the median value of Rs 1,001 per sq.ft. Below are the guideline values for other streets in Kumarapalayam:

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

Stamp duty and registration fee for property in Aranganayagam Nager

For a 1,000 sq.ft plot at the current rate of Rs 1,002 per sq.ft, the guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aranganayagam Nager?

The Sub Registrar Office that covers Aranganayagam Nager 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 information.

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

The guideline value is a crucial factor when buying or selling property in Kumarapalayam. It serves as a basis for calculating stamp duty and registration fees, which are mandatory during the property registration process.

When a property is sold, the guideline value helps determine the official value of the transaction, ensuring that the appropriate taxes are applied. It is important for both buyers and sellers to be aware of the current guideline values to understand their financial obligations during the sale.

Frequently asked questions

What is the current guideline value of Aranganayagam Nager?

The current guideline value of Aranganayagam Nager is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2023 and 2024, with the 2023 figure being Rs 1,000 per sq.ft and the 2024 figure being Rs 1,002 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Kumarapalayam?

Other streets in Kumarapalayam have guideline values ranging from Rs 1,002 per sq.ft to Rs 2,000 per sq.ft or more. Some streets, like Aranganayagam Nagar Cross Street No.1, have the same guideline value as Aranganayagam Nager.

How is stamp duty calculated for properties in Aranganayagam Nager?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,002 per sq.ft would incur a total stamp duty and registration fee of Rs 90,180.

Where can I find the Sub Registrar Office for Aranganayagam Nager?

The Sub Registrar Office for Aranganayagam Nager is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone.