Guideline Value for Aruljothi Nagar

Aruljothi Nagar guideline value

The current guideline value of Aruljothi Nagar, located in Kumarapalayam village under the Coimbatore South Joint 1 SRO, is Rs 1,000 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Aruljothi Nagar has changed

The guideline value register for Aruljothi Nagar shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,000 per sq.ft. This indicates a change of +0% from 2023 to 2024.

Overall, the guideline value for Aruljothi Nagar has consistently been recorded at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions, reflecting stability in this specific area.

Guideline values in Kumarapalayam

In Kumarapalayam, there are 290 streets under the Coimbatore South Joint 1 SRO carrying a 2024 guideline value ranging from Rs 1,000 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 1,001 per sq.ft, which means that Aruljothi Nagar's 2024 figure is below this median.

• Arul Gardens: Rs 2,000 per sq.ft (2024)
• Arul Garden Extension: Rs 2,000 per sq.ft (2024)
• Arumuga Udayar Street: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nager: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nagar Cross Street No.4: Rs 1,002 per sq.ft (2024)
• Aranganayagam Nagar Cross Street No.3: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aruljothi Nagar?

The Sub Registrar Office that covers Aruljothi Nagar is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Kumarapalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value will be used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar?

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

How has the guideline value changed over the years?

The guideline value for Aruljothi Nagar has been Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Aruljothi Nagar?

Aruljothi Nagar falls under the Residential Class I Type - II land classification, which is relevant for property registration and valuation.

How is stamp duty calculated for properties in Aruljothi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.

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

The Sub Registrar Office for Aruljothi Nagar is located at No.410a, Raja Street, Coimbatore-641001. This office handles all registration related to properties in the area.