Guideline Value for Arthanari Street (414,415/2)

Arthanari Street (414,415/2) guideline value

The current guideline value of Arthanari Street (414,415/2) is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Aapakudal village and falls under the Kavundapadi SRO, classified as Residential Class I Type - II.

How the guideline value of Arthanari Street (414,415/2) has changed

Since the 2007 revision, the guideline value for Arthanari Street has seen significant changes. The value was Rs 30 per sq.ft in 2007, which increased to Rs 250 per sq.ft in 2012, marking a substantial rise of 733%. However, it then decreased to Rs 167 per sq.ft in 2017, a drop of 33%. The value remained at Rs 275 per sq.ft through the 2023 revision and continues to hold the same rate in the 2024 revision, indicating a 65% increase from 2017 to 2023.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 817%.

Guideline values in Aapakudal

Aapakudal village has 51 streets under the Kavundapadi SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 508 per sq.ft, with a median of Rs 275 per sq.ft. The guideline value of Arthanari Street (414,415/2) is equal to this median.

• Appakkodal Kamaraj Street (415/1): Rs 275 per sq.ft (2024)
• Anthiyur Main Road (44/3,52/11,12): Rs 400 per sq.ft (2024)
• Anna Nagar (346/1,2,3,4,5,347/9,347/10,364/3,4): Rs 200 per sq.ft (2024)
• Amman Koil Street (374): Rs 275 per sq.ft (2024)
• Ambethkar street (414): Rs 200 per sq.ft (2024)
• Bharathi street (11/2,3): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Arthanari Street (414,415/2)

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees together to Rs 24,750. It is important to note that the 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 Street (414,415/2)?

The Sub Registrar Office that covers Arthanari Street (414,415/2) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aapakudal. It serves as the benchmark for calculating stamp duty and registration fees, which are mandatory during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arthanari Street (414,415/2)?

The current guideline value of Arthanari Street (414,415/2) is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 30 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, showing an overall increase of 817% over this period.

What is the land classification for Arthanari Street (414,415/2)?

Arthanari Street (414,415/2) is classified as Residential Class I Type - II according to the local regulations.

Where can I find the registration office for Aapakudal?

The registration office for Aapakudal is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 2,75,000, the total fees would amount to Rs 24,750.