Guideline Value for Arima Nagar

Arima Nagar guideline value

The current guideline value of Arima Nagar is Rs 560 per sq.ft, effective from 1 July 2024. This area is located in Sulur village, under the Sulur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arima Nagar has changed

The guideline value for Arima Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 54 per sq.ft, which increased to Rs 100 per sq.ft in 2007. Following this, the value surged to Rs 500 per sq.ft in 2012, before dropping to Rs 335 per sq.ft in 2017. The 2023 revision set the value at Rs 500 per sq.ft, and the most recent revision in 2024 raised it to Rs 560 per sq.ft. Notably, there is no figure available for the year 2003 in the register for this street.

In terms of percentage changes, the guideline value increased by 85% from 2002 to 2007, followed by a 400% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then saw a significant increase of 49% from 2017 to 2023, and a further increase of 12% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 937%.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO that carry a 2024 guideline value, ranging from Rs 280 to Rs 1,400 per sq.ft. The median value for these streets is Rs 784 per sq.ft, placing Arima Nagar's 2024 figure below this median.

• Arasakuravan Sandhu: Rs 784 per sq.ft (2024)
• Appichi Kovil Street: Rs 560 per sq.ft (2024)
• Arumugan Street: Rs 784 per sq.ft (2024)
• Athavannan Lane: Rs 560 per sq.ft (2024)
• Anna Nagar: Rs 784 per sq.ft (2024)
• Attali Veerappathevar Nagar: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Arima Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 560 per sq.ft, the total guideline value would be Rs 5,60,000. The stamp duty at 7% would amount to Rs 39,200, while the registration fee at 2% would be Rs 11,200, bringing the total charges to Rs 50,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arima Nagar?

The Sub Registrar Office that covers Arima Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Sulur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a price that reflects the current market conditions as established by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Arima Nagar?

The current guideline value of Arima Nagar is Rs 560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 54 per sq.ft in 2002 to Rs 560 per sq.ft in 2024, reflecting an overall increase of 937% over the years.

What are the stamp duty and registration fees for property in Arima Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 5,60,000, the total charges would be Rs 50,400.

Which Sub Registrar Office covers Arima Nagar?

The Sulur Sub Registrar Office covers Arima Nagar, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the land classification of Arima Nagar?

Arima Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.