Guideline Value for ArulMurugan Nagar

ArulMurugan Nagar guideline value

The current guideline value of ArulMurugan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Irugur village under the Singanallur SRO and is classified as Residential Class II Type - II.

How the guideline value of ArulMurugan Nagar has changed

The guideline value for ArulMurugan Nagar has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which is equal to the guideline value of ArulMurugan Nagar.

• Arumugagoundar street: Rs 275 per sq.ft (2024)
• Arumugam Avenue: Rs 550 per sq.ft (2024)
• Arumugam Avenue Extension: Rs 880 per sq.ft (2024)
• Arumugam Avenue Extension phase-II: Rs 880 per sq.ft (2024)
• Arunthathiar street: Rs 220 per sq.ft (2024)
• Arumugapannadi Lane: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in ArulMurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that 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 ArulMurugan Nagar?

The Sub Registrar Office that covers ArulMurugan 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 Irugur

The guideline value is a critical factor when registering property in Irugur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the prevailing rates in the area. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of ArulMurugan Nagar?

The current guideline value of ArulMurugan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification of ArulMurugan Nagar?

ArulMurugan Nagar is classified as Residential Class II Type - II. This classification is important for determining the appropriate uses of the land.

Where can I find the Sub Registrar Office for ArulMurugan Nagar?

The Sub Registrar Office for ArulMurugan Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in ArulMurugan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.