Guideline Value for Arputham Chettiar Street

Arputham Chettiar Street guideline value

The current guideline value of Arputham Chettiar Street in Kurichi village is Rs 1,055 per sq.ft, effective from the 2024 revision. This street falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Arputham Chettiar Street has changed

The guideline value for Arputham Chettiar Street has seen significant changes over the years. In 2003, the value was Rs 118 per sq.ft, which increased to Rs 230 per sq.ft in 2007. The 2012 revision marked a further increase to Rs 800 per sq.ft, but this was followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,055 per sq.ft from the 2024 revision, reflecting a 6% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 794%. Notably, there is no figure recorded for the year 2002 in the register for this street.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,040 per sq.ft, placing Arputham Chettiar Street's current value above this median.

• Arputham Nagar: Rs 1,055 per sq.ft (2024)
• Arputham Pillai Street (Ward 5): Rs 1,040 per sq.ft (2024)
• Arul Garden (Sundarapuram): Rs 1,040 per sq.ft (2024)
• Arignar Anna Colony (Ward 17): Rs 1,055 per sq.ft (2024)
• Arulmurugan Nagar: Rs 1,075 per sq.ft (2024)
• Arulmurugan Nagar, Chettipalayam Road (Ward 9): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Arputham Chettiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, and the registration fee at 2% would be Rs 21,100, totaling Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arputham Chettiar Street?

The Sub Registrar Office that covers Arputham Chettiar Street is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, 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 Kurichi

The guideline value is a crucial factor in property transactions in Kurichi. It is used to determine the value of the property for registration purposes, ensuring that the transaction is recorded accurately in the official registers.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Arputham Chettiar Street?

The current guideline value of Arputham Chettiar Street is Rs 1,055 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 118 per sq.ft in 2003 and reaching Rs 1,055 per sq.ft in 2024. The most notable increase occurred between 2017 and 2023, with an 87% rise.

What is the land classification for Arputham Chettiar Street?

Arputham Chettiar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for this area?

The registration office covering Arputham Chettiar Street is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Kurichi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,55,000, the stamp duty would be Rs 73,850 at a rate of 7%.