Guideline Value for Arulappar Street

Arulappar Street guideline value

The current guideline value of Arulappar Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Lakkampatti village under the Gobichettipalayam Joint I SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Arulappar Street has changed

In the 2002 revision, the guideline value for Arulappar Street was Rs 60 per sq.ft. This increased to Rs 67 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 75 per sq.ft in 2007, which was an increase of +12% from the previous revision. In 2012, the value was revised to Rs 250 per sq.ft, showing a significant increase of +233%.

Following this, the guideline value remained at Rs 250 per sq.ft in 2017 and again in 2023, indicating no change during these years. The most recent revision in 2024 also maintained the value at Rs 250 per sq.ft, showing a change of +0% from the previous year. Overall, the guideline value has increased by +317% from 2002 to 2024.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO with a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Arulappar Street's 2024 figure below that median.

• Aries Muthu Nagar: Rs 250 per sq.ft (2024)
• Arunachalagounder Street: Rs 300 per sq.ft (2024)
• Arunachalam Nagar(134,2,6,8): Rs 250 per sq.ft (2024)
• Ashok Nagar: Rs 300 per sq.ft (2024)
• Anna Street (253/3): Rs 250 per sq.ft (2024)
• Aviayar Street (84): Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Arulappar Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 Arulappar Street?

The Sub Registrar Office that covers Arulappar Street is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Lakkampatti. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Arulappar Street?

The current guideline value of Arulappar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2002 to Rs 250 per sq.ft in 2024, reflecting an overall increase of +317% over the years.

What are the stamp duty and registration fees for properties on Arulappar Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 22,500, based on the current guideline value of Rs 2,50,000.

Which office handles registrations for Arulappar Street?

The Gobichettipalayam Joint I Sub Registrar Office handles registrations for Arulappar Street, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

What is the median guideline value for streets in Lakkampatti?

The median guideline value for streets in Lakkampatti is Rs 275 per sq.ft, with Arulappar Street's value being below this median at Rs 250 per sq.ft.