Guideline Value for Arul Murugan Nagar (S.I.H.S. colony)

Arul Murugan Nagar (S.I.H.S. colony) guideline value

The current guideline value of Arul Murugan Nagar (S.I.H.S. colony) is Rs 1,001 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 - III.

How the guideline value of Arul Murugan Nagar (S.I.H.S. colony) has changed

The guideline value for Arul Murugan Nagar has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, marking an increase of 149%. The most recent revision in 2024 saw the value rise slightly to Rs 1,001 per sq.ft, which is an increase of 0% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 67%.

Guideline values in Singanallur

In Singanallur, there are 313 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,360 per sq.ft, with a median value of Rs 1,120 per sq.ft. The guideline value of Arul Murugan Nagar is below this median.

• Arul Jothipuram: Rs 1,120 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 Murugan Nagar (S.I.H.S. colony)

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. 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 details.

Which Sub Registrar Office covers Arul Murugan Nagar (S.I.H.S. colony)?

The Sub Registrar Office that covers Arul Murugan Nagar (S.I.H.S. colony) 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 an essential factor during property transactions in Singanallur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arul Murugan Nagar (S.I.H.S. colony)?

The current guideline value of Arul Murugan Nagar (S.I.H.S. colony) is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 67% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070, and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which Sub Registrar Office should I approach for registration?

You should approach the Singanallur Sub Registrar Office located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111 for registration of properties in Arul Murugan Nagar.

What is the significance of the guideline value in property transactions?

The guideline value is crucial as it determines the minimum value for property registration and is used to calculate stamp duty and registration fees, ensuring compliance with legal requirements.