Guideline Value for Arulmurugan Nagar, Chettipalayam Road (Ward 9)

Arulmurugan Nagar, Chettipalayam Road (Ward 9) guideline value

The current guideline value of Arulmurugan Nagar, Chettipalayam Road (Ward 9) is Rs 1,040 per sq.ft, effective from 1 July 2024. This area is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Arulmurugan Nagar, Chettipalayam Road (Ward 9) has changed

The guideline value for Arulmurugan Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 750 per sq.ft. This value decreased to Rs 502 per sq.ft in 2017. Following this, there was a significant increase, with the value rising to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has further increased the guideline value to Rs 1,040 per sq.ft, marking a 4% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a growth of 39%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kurichi

In Kurichi village, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,040 per sq.ft. The guideline value for Arulmurugan Nagar is equal to this median.

• Arulmurugan Nagar: Rs 1,075 per sq.ft (2024)
• Arumuga Gounder Street Cross Street III (Ward 20): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street III (Ward 21): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street II (Ward 20): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street II (Ward 21): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street IV (Ward 20): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmurugan Nagar, Chettipalayam Road (Ward 9)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total cost for these fees to Rs 93,600. 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 detailed calculations.

Which Sub Registrar Office covers Arulmurugan Nagar, Chettipalayam Road (Ward 9)?

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

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

The guideline value is a crucial factor during the registration of property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the property register.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar?

The current guideline value of Arulmurugan Nagar, Chettipalayam Road (Ward 9) is Rs 1,040 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,040 per sq.ft in 2024.

What is the land classification for Arulmurugan Nagar?

The land classification for Arulmurugan Nagar is Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the higher value between the guideline value and the sale price, while the registration fee is 2% of the same value.

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

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