Guideline Value for Arul Murugan Nagar (382)

Arul Murugan Nagar (382) guideline value

The current guideline value of Arul Murugan Nagar (382) is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Ottarpalayam village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arul Murugan Nagar (382) has changed

The guideline value for Arul Murugan Nagar has seen several revisions over the years. In 2007, the value was set at Rs 80 per sq.ft, which increased significantly to Rs 750 per sq.ft in 2012, marking an increase of 838%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a decline of 33%. The 2017 revision brought it back up to Rs 750 per sq.ft in 2023, which was a 49% increase. The latest revision in 2024 has set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft, and the median value is Rs 495 per sq.ft. The guideline value for Arul Murugan Nagar (382) is above this median.

• Arunagirinathar Street (122): Rs 495 per sq.ft (2024)
• Arunthathiyar Street: Rs 255 per sq.ft (2024)
• Avarankodi thoppu (77/3): Rs 385 per sq.ft (2024)
• Angappan veethy: Rs 385 per sq.ft (2024)
• Balagi nagar (19/1H): Rs 495 per sq.ft (2024)
• Andal Nagar: Rs 405 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Murugan Nagar (382)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total fees Rs 74,250. It is important to note that the 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 Murugan Nagar (382)?

The Sub Registrar Office that covers Arul Murugan Nagar (382) 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 online.

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

The guideline value is a crucial factor during property registration in Ottarpalayam. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value according to government regulations.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arul Murugan Nagar (382)?

The current guideline value of Arul Murugan Nagar (382) is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 931% over the years.

What is the registration office for Arul Murugan Nagar (382)?

The registration office for Arul Murugan Nagar (382) is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated in Arul Murugan Nagar (382)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 57,750.

What are the guideline values of other streets in Ottarpalayam?

Other streets in Ottarpalayam have varying guideline values ranging from Rs 255 to Rs 1,500 per sq.ft. For instance, Arunagirinathar Street has a guideline value of Rs 495 per sq.ft in 2024.