Guideline Value for Arokiasamy Street

Arokiasamy Street guideline value

The current guideline value of Arokiasamy Street is Rs 1,120 per sq.ft. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Arokiasamy Street has changed

The guideline value of Arokiasamy Street has undergone several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking an increase of 82%. However, the value then decreased to Rs 670 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, which then rose to Rs 1,120 per sq.ft in the 2024 revision, a change of 12%.

Overall, from 2007 to 2024, the guideline value has increased by 104%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median value is Rs 1,120 per sq.ft, which is equal to the guideline value of Arokiasamy Street.

• ARGA Layout: Rs 1,900 per sq.ft (2024)
• Arul Nagar (or) Nehruji Nagar: Rs 1,100 per sq.ft (2024)
• Arumugam Street: Rs 1,100 per sq.ft (2024)
• Aruna Nagar: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Anna Nagar New Line Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Arokiasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,120 per sq.ft, the guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, while the registration fee at 2% would be Rs 22,400, totaling Rs 1,00,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arokiasamy Street?

Arokiasamy Street is covered by the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sanganur. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arokiasamy Street?

The current guideline value of Arokiasamy Street is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,120 per sq.ft in 2024, reflecting an overall increase of 104% over this period.

What are the stamp duty and registration fees for Arokiasamy Street?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,00,800, based on the guideline value of Rs 11,20,000.

Which office handles registrations for Arokiasamy Street?

The Gandhipuram Sub Registrar Office handles registrations for Arokiasamy Street, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the guideline value determined for properties in Sanganur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and previous revisions. It is used to calculate applicable duties during property transactions.