Guideline Value for Arumaikarar kaliannan Street

Arumaikarar kaliannan Street guideline value

The current guideline value of Arumaikarar kaliannan Street is Rs 205 per sq.ft, effective from 1 July 2024. This street is located in Koogaloor village, under the Gobichettipalayam Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Arumaikarar kaliannan Street has changed

The guideline value for Arumaikarar kaliannan Street has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 68 per sq.ft. This figure increased to Rs 150 per sq.ft in 2012, but then dropped to Rs 100 per sq.ft in 2017. The value saw a significant increase of 100% to reach Rs 200 per sq.ft in 2023, and it further rose by 3% to the current value of Rs 205 per sq.ft in 2024.

There are no figures available for this street in the register for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 201%.

Guideline values in Koogaloor

In Koogaloor village, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value, with values ranging from Rs 205 to Rs 205 per sq.ft. The median guideline value for these streets is Rs 205 per sq.ft, which is equal to the 2024 figure for Arumaikarar kaliannan Street.

• Arumaikarrar Street: Rs 205 per sq.ft (2024)
• Ashokmetha Street: Rs 205 per sq.ft (2024)
• Appachi Street: Rs 205 per sq.ft (2024)
• Anthiyur main road: Rs 205 per sq.ft (2024)
• Bagavathi Street: Rs 205 per sq.ft (2024)
• Bank Road: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in Arumaikarar kaliannan Street

For a 1,000 sq.ft plot at the current rate of Rs 205 per sq.ft, the guideline value would be Rs 2,05,000. The stamp duty at 7% would be Rs 14,350, and the registration fee at 2% would be Rs 4,100, totaling Rs 18,450. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Arumaikarar kaliannan Street?

The Sub Registrar Office that covers Arumaikarar kaliannan Street is the Gobichettipalayam Joint II Sub Registrar Office. The office is located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Koogaloor. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

Additionally, the guideline value helps in assessing the property’s worth in relation to similar properties in the area. Buyers and sellers can refer to this value to understand the financial implications of their transactions, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arumaikarar kaliannan Street?

The current guideline value of Arumaikarar kaliannan Street is Rs 205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 68 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, reflecting an overall increase of 201% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 2,05,000, the stamp duty would be Rs 14,350 and the registration fee would be Rs 4,100, totaling Rs 18,450.

Which Sub Registrar Office handles registrations for this street?

The Gobichettipalayam Joint II Sub Registrar Office handles registrations for Arumaikarar kaliannan Street, located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452.

What is the land classification for Arumaikarar kaliannan Street?

Arumaikarar kaliannan Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.