Guideline Value for Arul jothi Nagar

Arul jothi Nagar guideline value

The current guideline value of Arul jothi Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area falls under Ward-3 village and is classified as Residential Class I Type - I. It is managed by the Coimbatore North Joint 1 SRO.

How the guideline value of Arul jothi Nagar has changed

The guideline value for Arul jothi Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017, before increasing again to Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 2,000 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects an 11% increase. Overall, from 2012 to 2024, the guideline value has seen an increase of 11%.

Guideline values in Ward-3

In Ward-3, there are 82 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,300 per sq.ft. The median guideline value for these streets is Rs 1,800 per sq.ft, placing Arul jothi Nagar's 2024 figure above that median.

• Ashok Nagar: Rs 2,000 per sq.ft (2024)
• Ayyasamay Koil Street: Rs 1,800 per sq.ft (2024)
• Annai Abirami Nagar: Rs 2,000 per sq.ft (2024)
• Angalamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Batharakaliamman Kovil Street: Rs 1,600 per sq.ft (2024)
• Big Bazaar Street (South Side) Lane: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Arul jothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total fees together to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Arul jothi Nagar?

The Sub Registrar Office that covers Arul jothi Nagar is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward-3

The guideline value is a critical component in the registration process of property transactions in Ward-3. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Arul jothi Nagar?

The current guideline value of Arul jothi Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 2,000 per sq.ft in 2024.

What is the land classification of Arul jothi Nagar?

Arul jothi Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Arul jothi Nagar?

The Sub Registrar Office for Arul jothi Nagar is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in Arul jothi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 at a rate of 7%.