Guideline Value for Arul Garden (Sundarapuram)

Arul Garden (Sundarapuram) guideline value

The current guideline value of Arul Garden (Sundarapuram) is Rs 1,040 per sq.ft, effective from 1 July 2024. This property is located in Kurichi village, under the Coimbatore North Joint 1 SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Arul Garden (Sundarapuram) has changed

The guideline value for Arul Garden (Sundarapuram) has seen several revisions over the years. In 2007, the value was Rs 345 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, there was a decrease to Rs 502 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and currently, it stands at Rs 1,040 per sq.ft as of the 2024 revision. The changes between these revisions include a 117% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 99% increase from 2017 to 2023, and a 4% increase from 2023 to 2024.

The overall change from 2007 to 2024 represents a 201% increase. It is important to note that for the years 2002 and 2003, the register has no figure for this street.

Guideline values in Kurichi

In Kurichi, 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 value for these streets is Rs 1,040 per sq.ft, which is equal to the current guideline value of Arul Garden (Sundarapuram).

• Arputham Pillai Street (Ward 5): Rs 1,040 per sq.ft (2024)
• Arputham Nagar: Rs 1,055 per sq.ft (2024)
• Arputham Chettiar Street: Rs 1,055 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)
• Arumuga Gounder Street Cross Street III (Ward 20): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Garden (Sundarapuram)

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, bringing the total to Rs 93,600. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Arul Garden (Sundarapuram)?

The Sub Registrar Office that covers Arul Garden (Sundarapuram) 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 critical factor in the registration process when buying or selling property in Kurichi. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring transparency in property dealings.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses for property transactions. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Arul Garden (Sundarapuram)?

The current guideline value of Arul Garden (Sundarapuram) 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 345 per sq.ft in 2007 to Rs 1,040 per sq.ft in 2024, representing a 201% increase overall.

What are the stamp duty and registration fees for property in Arul Garden?

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.

Which office handles registrations for properties in Kurichi?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations in Kurichi, located at Syryan Church Road, Coimbatore -641001.

Where can I find more information about the guideline values in Kurichi?

Information about guideline values in Kurichi can be accessed through the Registration Department's guideline value register at TNReginet.