Guideline Value for Arumaikarrar Street

Arumaikarrar Street guideline value

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

How the guideline value of Arumaikarrar Street has changed

The guideline value for Arumaikarrar Street has seen several revisions over the years. The earliest available figure is from 2007, where it was Rs 50 per sq.ft. This increased to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017. The 2023 revision set the value at Rs 200 per sq.ft, and the most recent revision in 2024 raised it to Rs 205 per sq.ft. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, the guideline value saw a significant increase of 199%. After the 2023 revision, the value increased by 3% to reach Rs 205 per sq.ft in 2024. Overall, from 2007 to 2024, the guideline value has increased by 310%.

Guideline values in Koogaloor

In Koogaloor, there are 107 streets under the Gobichettipalayam Joint II SRO that carry a 2024 guideline value ranging from Rs 205 to Rs 205 per sq.ft, with a median value of Rs 205 per sq.ft. Arumaikarrar Street's 2024 figure is equal to this median.

• Arumaikarar kaliannan 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 Arumaikarrar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 205 per sq.ft, the total guideline value would be Rs 2,05,000. The stamp duty at 7% would amount to Rs 14,350, and the registration fee at 2% would be Rs 4,100, making the total cost for these fees Rs 18,450. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumaikarrar Street?

The Sub Registrar Office that covers Arumaikarrar Street is the Gobichettipalayam Joint II Sub Registrar Office, 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 is a critical factor when registering property transactions in Koogaloor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arumaikarrar Street?

The current guideline value of Arumaikarrar 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 50 per sq.ft in 2007 to Rs 205 per sq.ft in 2024, reflecting a total increase of 310% over the years.

What is the land classification for Arumaikarrar Street?

Arumaikarrar Street is classified as Residential Special Type - III under the Gobichettipalayam Joint II SRO.

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

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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Arumaikarrar Street located?

The Gobichettipalayam Joint II Sub Registrar Office is located at Integrated Registration Complex, 81-old Hospital Road, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.