Guideline Value for Arivu Mahan Nagar 129/B

Arivu Mahan Nagar 129/B guideline value

The current guideline value of Arivu Mahan Nagar 129/B is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Mulaiyampundi village, under the Moolanur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arivu Mahan Nagar 129/B has changed

Over the years, the guideline value for Arivu Mahan Nagar 129/B has seen significant changes. The register shows that in 2012, the guideline value was Rs 30 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2024 revision, marking a change of +233% from the 2012 value. The revisions for the years 2002, 2003, 2007, 2017, and 2023 do not have figures for this street.

With the 2024 revision, the guideline value aligns with the median figure for other streets in Mulaiyampundi, which is also Rs 100 per sq.ft. This consistency indicates that Arivu Mahan Nagar 129/B is currently valued similarly to other residential properties in the area.

Guideline values in Mulaiyampundi

In Mulaiyampundi, there are three streets under the Moolanur SRO that have a 2024 guideline value of Rs 100 per sq.ft. Arivu Mahan Nagar 129/B's figure matches the median value of Rs 100 per sq.ft for the area. The other streets with the same guideline value are:

• Rasi Garden 179/1,2,178/1,180/2: Rs 100 per sq.ft (2024)
• Rasi Garden II 163/2: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Arivu Mahan Nagar 129/B

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arivu Mahan Nagar 129/B?

The Sub Registrar Office that covers Arivu Mahan Nagar 129/B is the Moolanur Sub Registrar Office, located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mulaiyampundi, as it determines the minimum value at which a property can be registered. During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring compliance with local regulations.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arivu Mahan Nagar 129/B?

The current guideline value of Arivu Mahan Nagar 129/B is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2012 to 2024, the guideline value increased from Rs 30 per sq.ft to Rs 100 per sq.ft, which is a change of +233%. The register does not have figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the stamp duty for property in Arivu Mahan Nagar 129/B?

The stamp duty for property in Arivu Mahan Nagar 129/B is 7% of the guideline value. For a plot of 1,000 sq.ft, the stamp duty would be Rs 7,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Arivu Mahan Nagar 129/B?

The Sub Registrar Office for Arivu Mahan Nagar 129/B is the Moolanur Sub Registrar Office, located at No.2, Karur-dharapuram Road, Moolanur - 638106, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration and to calculate the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the guideline value to ensure a smooth transaction process.