Guideline Value for Arulmurugan Nagar

Arulmurugan Nagar guideline value

The current guideline value of Arulmurugan Nagar in Kurichi village is Rs 1,075 per sq.ft, effective from 1 July 2024. This area falls under the Coimbatore North Joint 1 SRO and is classified as Residential Special Type - IV.

How the guideline value of Arulmurugan Nagar has changed

The guideline value of Arulmurugan Nagar has seen significant changes over the years. In 2003, the value was Rs 85 per sq.ft, which increased to Rs 275 per sq.ft in 2007, marking a substantial rise of 224%. The value then rose to Rs 950 per sq.ft in 2012, reflecting a 245% increase. However, it decreased to Rs 636 per sq.ft in 2017, a drop of 33%. The value climbed to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 sets it at Rs 1,075 per sq.ft, an increase of 8% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1165%. The register has no figure for the year 2002 for this street.

Guideline values in Kurichi

In Kurichi, 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 above this median.

• Arulmurugan Nagar, Chettipalayam Road (Ward 9): Rs 1,040 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value amounts to Rs 10,75,000. The stamp duty at 7% would be Rs 75,250, while the registration fee at 2% would be Rs 21,500, bringing the total cost for these fees to Rs 96,750. Please 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 Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore - 641001. 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 in the registration process for property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which properties can be registered, thereby influencing the stamp duty and registration fees payable during the transaction.

When buying or selling property, both the buyer and seller must consider the guideline value as it affects the overall cost of the transaction. It is essential to ensure that the sale price is in line with the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Arulmurugan Nagar?

The current guideline value of Arulmurugan Nagar is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 85 per sq.ft in 2003 to Rs 1,075 per sq.ft in 2024, reflecting an overall increase of 1165% over the years.

What are the stamp duty and registration fees for property in Arulmurugan Nagar?

For a property valued at Rs 10,75,000, the stamp duty would be Rs 75,250, and the registration fee would be Rs 21,500, totaling Rs 96,750.

Which Sub Registrar Office is responsible for Arulmurugan Nagar?

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

Where can I find more information about the guideline value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet).