Guideline Value for Arul Garden Extension

Arul Garden Extension guideline value

The current guideline value of Arul Garden Extension in Kumarapalayam village, under the Coimbatore South Joint 1 SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Arul Garden Extension has changed

The guideline value for Arul Garden Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,000 per sq.ft, which is an increase of 8% from the 2023 revision of Rs 1,850 per sq.ft. Prior to that, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline value has increased from Rs 1,850 per sq.ft in 2023 to Rs 2,000 per sq.ft in 2024. The earlier revisions do not have any figures recorded for Arul Garden Extension, indicating a lack of data for those years.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 2,750 per sq.ft, with a median value of Rs 1,001 per sq.ft. The guideline value for Arul Garden Extension is above this median.

• Arul Gardens: Rs 2,000 per sq.ft (2024)
• Aruljothi Nagar: Rs 1,000 per sq.ft (2024)
• Arumuga Udayar Street: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nager: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nagar Cross Street No.4: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nagar Cross Street No.3: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Garden Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arul Garden Extension?

The Sub Registrar Office that covers Arul Garden Extension is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, 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 Kumarapalayam

The guideline value is a critical component in the registration process when buying or selling property in Kumarapalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transfer of ownership. This value helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Arul Garden Extension?

The current guideline value of Arul Garden Extension is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,850 per sq.ft in 2023 to Rs 2,000 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the land classification for Arul Garden Extension?

The land classification for Arul Garden Extension is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Arul Garden Extension?

The Sub Registrar Office for Arul Garden Extension is located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find more details through the provided link.