Guideline Value for Arul Gardens

Arul Gardens guideline value

The current guideline value of Arul Gardens is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arul Gardens has changed

Over the years, the guideline value of Arul Gardens has seen significant changes. In the 2007 revision, the guideline value was Rs 125 per sq.ft. This increased dramatically to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 700%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in the 2024 revision, reflecting a change of 10% from the previous year.

The revisions for the years 2002 and 2003 do not have any figures for this street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Vadavalli

In Vadavalli village, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Arul Gardens.

• Aringar Anna Co-op Nagar: Rs 1,000 per sq.ft (2024)
• Arijana Colony: Rs 1,006 per sq.ft (2024)
• Arunachalam Layout: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Arun Nagar: Rs 1,100 per sq.ft (2024)
• Arun Nagar Extension: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Gardens

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arul Gardens?

The Sub Registrar Office that covers Arul Gardens is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vadavalli. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs involved in the transfer of property ownership. This ensures transparency and compliance with local regulations during the property transaction process.

Frequently asked questions

What is the current guideline value of Arul Gardens?

The current guideline value of Arul Gardens is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 125 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 780% over the years.

What is the land classification of Arul Gardens?

Arul Gardens is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Arul Gardens?

The Sub Registrar Office for Arul Gardens is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Arul Gardens?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would amount to Rs 77,000.