Guideline Value for Arasampalayam Nadar street

Arasampalayam Nadar street guideline value

The current guideline value of Arasampalayam Nadar street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kodumudi village, under the Kodumudi SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Arasampalayam Nadar street has changed

Since the 2002 revision, the guideline value for Arasampalayam Nadar street has seen several changes. In 2002, the value was Rs 22 per sq.ft, which increased to Rs 26 per sq.ft in 2003. The value then rose to Rs 50 per sq.ft in 2007, followed by an increase to Rs 150 per sq.ft in 2012. The 2017 revision saw a significant jump to Rs 100 per sq.ft, and by 2023, it remained at Rs 200 per sq.ft. The current 2024 revision also maintains this value at Rs 200 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 809%. Notably, there are no figures available for the revisions in years other than those mentioned above.

Guideline values in Kodumudi

Kodumudi village has 92 streets under the Kodumudi SRO with a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Arasampalayam Nadar street.

• Arasampalayam Harijana colony: Rs 200 per sq.ft (2024)
• Arumugagounder street: Rs 200 per sq.ft (2024)
• Amanur Erode-Karur road: Rs 600 per sq.ft (2024)
• Beemgounder street: Rs 600 per sq.ft (2024)
• Chandrasekarapillai theu: Rs 600 per sq.ft (2024)
• Chinnagounder theru: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arasampalayam Nadar street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arasampalayam Nadar street?

The Sub Registrar Office that covers Arasampalayam Nadar street is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kodumudi. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the official value of the property, which is essential for legal documentation and taxation purposes.

Frequently asked questions

What is the current guideline value of Arasampalayam Nadar street?

The current guideline value of Arasampalayam Nadar 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 22 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 809% over the years.

What is the land classification for Arasampalayam Nadar street?

Arasampalayam Nadar street is classified as Residential Class I Type - II.

Where can I find the registration office for properties in Kodumudi?

The registration office for properties in Kodumudi is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

How is stamp duty calculated for properties in Arasampalayam Nadar street?

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 200 per sq.ft would incur a stamp duty of Rs 14,000.