Guideline Value for Arul Murugan Nagar

Arul Murugan Nagar guideline value

The current guideline value of Arul Murugan Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This locality is situated in Uppilipalayam village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arul Murugan Nagar has changed

The guideline value for Arul Murugan Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 875 per sq.ft, which then decreased to Rs 586 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 71%, bringing the value up to Rs 1,000 per sq.ft. The most recent revision in 2024 has set the value at Rs 1,001 per sq.ft, marking no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 14%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, indicating that the guideline value for Arul Murugan Nagar is below this median.

• Arumugam Layout: Rs 1,001 per sq.ft (2024)
• Appai veethy: Rs 1,232 per sq.ft (2024)
• Anugraha Garden: Rs 2,016 per sq.ft (2024)
• Anugraha Apartments: Rs 2,800 per sq.ft (2024)
• A.V.M Garden: Rs 1,680 per sq.ft (2024)
• Anna Nagar(peelamedu): Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Arul Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be 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, bringing the total cost to 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?

The Sub Registrar Office that covers Arul Murugan Nagar 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 Uppilipalayam

The guideline value plays a crucial role in the registration process when buying or selling property in Uppilipalayam. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Arul Murugan Nagar?

The current guideline value of Arul Murugan Nagar 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 875 per sq.ft in 2012 to Rs 586 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024.

What is the land classification of Arul Murugan Nagar?

Arul Murugan Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the other streets in Uppilipalayam?

Other streets in Uppilipalayam include Arumugam Layout, Appai veethy, Anugraha Garden, Anugraha Apartments, A.V.M Garden, and Anna Nagar(peelamedu), each with their respective guideline values for 2024.

Where is the Singanallur Sub Registrar Office located?

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