Guideline Value for Arul Jothipuram

Arul Jothipuram guideline value

The current guideline value of Arul Jothipuram is Rs 1,120 per sq.ft, effective from 1 July 2024. This area is located in Singanallur village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arul Jothipuram has changed

The guideline value for Arul Jothipuram has seen significant changes over the years. Starting from Rs 107 per sq.ft in 2002, it increased to Rs 120 per sq.ft in 2003, marking a 12% rise. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2012, which represented a remarkable 733% increase. However, it dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then rose again to Rs 1,000 per sq.ft in 2023, followed by a 12% increase to the current value of Rs 1,120 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 947%. It is important to note that there is no figure available for the year 2007 for this street in the register.

Guideline values in Singanallur

In Singanallur village, there are 313 streets under the Singanallur SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, which is equal to the current value of Arul Jothipuram.

• Arul Murugan Nagar (S.I.H.S. colony): Rs 1,001 per sq.ft (2024)
• Arumugam Street 1, 2: Rs 1,568 per sq.ft (2024)
• A.R. Layout: Rs 1,000 per sq.ft (2024)
• Areomdrome Rd: Rs 1,680 per sq.ft (2024)
• Arb Garden: Rs 1,680 per sq.ft (2024)
• Asthanthira Street (East): Rs 1,120 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Jothipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value would be Rs 11,20,000. The stamp duty at 7% would amount to Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total charges to Rs 1,00,800. It is important to note that 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 more details.

Which Sub Registrar Office covers Arul Jothipuram?

The Sub Registrar Office that covers Arul Jothipuram is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is crucial when buying or selling property in Singanallur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

Frequently asked questions

What is the current guideline value of Arul Jothipuram?

The current guideline value of Arul Jothipuram is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 107 per sq.ft in 2002 to Rs 1,120 per sq.ft in 2024, marking an overall increase of 947% over the years.

What is the stamp duty rate for properties in Arul Jothipuram?

The stamp duty rate for properties in Arul Jothipuram is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Arul Jothipuram located?

The Sub Registrar Office for Arul Jothipuram is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the guideline value used during property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating the applicable stamp duty and registration fees during property transactions.