Guideline Value for Arputham Pillai Street (Ward 5)

Arputham Pillai Street (Ward 5) guideline value

The current guideline value of Arputham Pillai Street (Ward 5) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Arputham Pillai Street (Ward 5) has changed

The guideline value for Arputham Pillai Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft. This figure decreased to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 99%, raising the value to Rs 1,000 per sq.ft. The most recent 2024 revision has further increased the value by 4%, bringing it to Rs 1,040 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 39% from the 2012 revision to the 2024 revision.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,040 per sq.ft, which is equal to the current value of Arputham Pillai Street.

• Arputham Nagar: Rs 1,055 per sq.ft (2024)
• Arputham Chettiar Street: Rs 1,055 per sq.ft (2024)
• Arul Garden (Sundarapuram): Rs 1,040 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)
• Arignar Anna Colony (Ward 17): Rs 1,055 per sq.ft (2024)

Stamp duty and registration fee for property in Arputham Pillai Street (Ward 5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800, resulting in a total of Rs 93,600. Please 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 Pillai Street (Ward 5)?

The Sub Registrar Office that covers Arputham Pillai Street (Ward 5) 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 the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately within the legal framework.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Arputham Pillai Street (Ward 5)?

The current guideline value of Arputham Pillai Street (Ward 5) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,040 per sq.ft in 2024.

What is the land classification for Arputham Pillai Street?

The land classification for Arputham Pillai Street (Ward 5) is Residential Class II Type - I.

Which office handles the registration for properties in Arputham Pillai Street?

The Coimbatore North Joint 1 Sub Registrar Office handles the registration for properties in Arputham Pillai Street (Ward 5).

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 10,40,000, the stamp duty would be Rs 72,800, and the registration fee would be Rs 20,800, totaling Rs 93,600.