Guideline Value for Arputham Nagar

Arputham Nagar guideline value

The current guideline value of Arputham Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024. This area is located in Kuniyamuthur village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Arputham Nagar has changed

The guideline value for Arputham Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,000 per sq.ft, while the most recent 2024 revision increased it to Rs 1,003 per sq.ft, reflecting no percentage change between these two revisions.

Prior to the 2023 revision, the guideline values for this street are not available in the register. The current figure of Rs 1,003 per sq.ft in 2024 is equal to the median guideline value for the 410 streets in Kuniyamuthur under the Coimbatore South Joint 1 SRO.

Guideline values in Kuniyamuthur

In Kuniyamuthur, the guideline values for 2024 range from Rs 1,000 to Rs 1,550 per sq.ft, with the median being Rs 1,003 per sq.ft. Arputham Nagar's guideline value aligns with this median. Below are other streets in Kuniyamuthur with their respective guideline values:

• Arjun Colony: Rs 1,004 per sq.ft (2024)
• Archana Nagar Extension: Rs 1,003 per sq.ft (2024)
• Archana Nagar: Rs 1,003 per sq.ft (2024)
• Arumuga Boyan Street: Rs 1,003 per sq.ft (2024)
• Arumuga Gounder Street: Rs 1,003 per sq.ft (2024)
• Aranmanai Thottam: Rs 1,003 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 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would amount to Rs 70,210, and the registration fee at 2% would be Rs 20,060, making the total cost for these charges Rs 90,270. It's 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?

The Sub Registrar Office that covers Arputham Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kuniyamuthur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which aids in the collection of government revenue through taxes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arputham Nagar?

The current guideline value of Arputham Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Arputham Nagar has not been available for several years, specifically in 2002, 2003, 2007, 2012, and 2017. The most recent changes were from Rs 1,000 per sq.ft in 2023 to Rs 1,003 per sq.ft in 2024, reflecting no percentage change.

What is the land classification for Arputham Nagar?

The land classification for Arputham Nagar is Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees in Arputham Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total charges would be Rs 90,270 based on the current guideline value.

Where is the Sub Registrar Office for Arputham Nagar located?

The Sub Registrar Office covering Arputham Nagar is located at No.410a, Raja Street, Coimbatore-641001. This office is part of the Coimbatore South Joint 1 SRO.