Guideline Value for Aruljothi Nagar

Aruljothi Nagar guideline value

The current guideline value of Aruljothi Nagar, located in Kannampalayam village, is Rs 448 per sq.ft, effective from 1 July 2024. This area falls under the Sulur SRO and is classified as Residential Class I Type - I.

How the guideline value of Aruljothi Nagar has changed

Over the years, the guideline value of Aruljothi Nagar has seen several revisions. The 2007 revision set the value at Rs 120 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, this figure dropped to Rs 268 per sq.ft in 2017 before rising again to Rs 400 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 448 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

When looking at the percentage changes, the value increased by 233% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 is 12%, resulting in an overall increase of 273% from 2007 to 2024.

Guideline values in Kannampalayam

Kannampalayam village has a total of 114 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft, with a median value of Rs 336 per sq.ft. The guideline value of Aruljothi Nagar is above this median.

• Arunachal Boyar Street: Rs 448 per sq.ft (2024)
• Arupudha Mudhaiyar Street: Rs 448 per sq.ft (2024)
• Appachi Gounder Street: Rs 224 per sq.ft (2024)
• A.Subaramaniayam Nagar: Rs 224 per sq.ft (2024)
• Avadisetty thottam south side: Rs 224 per sq.ft (2024)
• Anna nagar: Rs 336 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 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, and the registration fee at 2% would be Rs 8,960, totaling Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the 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 Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kannampalayam. It serves as a benchmark for determining the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar?

The current guideline value of Aruljothi Nagar is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2007 to Rs 448 per sq.ft in 2024, with several revisions in between.

What is the land classification of Aruljothi Nagar?

Aruljothi Nagar is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Aruljothi Nagar is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is stamp duty calculated in Aruljothi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 4,48,000, the stamp duty would be Rs 31,360 at 7%.