Guideline Value for Arputham Nagar

Arputham Nagar guideline value

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

How the guideline value of Arputham Nagar has changed

The guideline value for Arputham Nagar has seen significant changes over the years. Starting from Rs 120 per sq.ft in 2003, it increased to Rs 230 per sq.ft in 2007, marking a rise of 92%. The value then surged to Rs 800 per sq.ft in 2012, reflecting a remarkable increase of 248%. However, it decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 1,000 per sq.ft in 2023, which was an increase of 87%. The latest revision in 2024 has set the guideline value at Rs 1,055 per sq.ft, a 6% increase from the previous year.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 779%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO, with guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,040 per sq.ft, placing Arputham Nagar's 2024 figure above this median.

• Arputham Chettiar Street: 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)
• Arulmurugan Nagar: Rs 1,075 per sq.ft (2024)
• Arignar Anna Colony (Ward 17): Rs 1,055 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 Nagar

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, while the registration fee at 2% would be Rs 21,100, bringing the total fees to Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arputham Nagar?

Arputham Nagar is covered by the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kurichi. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value is referenced to ascertain the minimum value of the property for taxation purposes. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arputham Nagar?

The current guideline value of Arputham Nagar is Rs 1,055 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2003 to Rs 1,055 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification of Arputham Nagar?

Arputham Nagar is classified as Residential Class I Type - III under the Coimbatore North Joint 1 SRO.

What is the median guideline value in Kurichi?

The median guideline value in Kurichi is Rs 1,040 per sq.ft, with Arputham Nagar's current value above this median.

Where can I find the Sub Registrar Office for Arputham Nagar?

The Sub Registrar Office for Arputham Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.