Guideline Value for Arthanari Chettiar Lane

Arthanari Chettiar Lane guideline value

The current guideline value of Arthanari Chettiar Lane is Rs 825 per sq.ft, effective from 1 July 2024. This lane is located in Ward - H village under the Tiruppur Joint II SRO, classified as Residential Class II Type - II.

How the guideline value of Arthanari Chettiar Lane has changed

The guideline value for Arthanari Chettiar Lane has seen several revisions over the years. In 2007, the value was Rs 495 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, it then decreased to Rs 502 per sq.ft in 2017. The value rose significantly to Rs 750 per sq.ft in 2023, followed by a further increase to Rs 825 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 67%. The changes between the revisions include a 52% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023.

Guideline values in Ward - H

In Ward - H, there are 166 streets under the Tiruppur Joint II SRO with a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft. The median value is Rs 990 per sq.ft, indicating that Arthanari Chettiar Lane's guideline value is below this median.

• Arthanari Street: Rs 706 per sq.ft (2024)
• Arunthathiar Colony: Rs 701 per sq.ft (2024)
• Agathigyar Street: Rs 706 per sq.ft (2024)
• Adhidravidar Street: Rs 702 per sq.ft (2024)
• Adhidravidar Colony: Rs 701 per sq.ft (2024)
• Boyar Street: Rs 706 per sq.ft (2024)

Stamp duty and registration fee for property in Arthanari Chettiar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. Please note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arthanari Chettiar Lane?

The Sub Registrar Office that covers Arthanari Chettiar Lane is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward - H

The guideline value is a crucial factor in property transactions in Ward - H. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value when negotiating sale prices, as it influences the applicable stamp duty and registration fees.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Arthanari Chettiar Lane?

The current guideline value of Arthanari Chettiar Lane is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 495 per sq.ft in 2007 to Rs 825 per sq.ft in 2024, with several revisions in between, including a significant increase of 49% from 2017 to 2023.

What are the other streets in Ward - H and their guideline values?

Other streets in Ward - H include Arthanari Street at Rs 706 per sq.ft, Arunthathiar Colony at Rs 701 per sq.ft, and several others, with values ranging from Rs 701 to Rs 4,400 per sq.ft in 2024.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 8,25,000, the total fees would be Rs 74,250.

Where can I find the Sub Registrar Office for Arthanari Chettiar Lane?

The Sub Registrar Office for Arthanari Chettiar Lane is the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.