Guideline Value for Arumuga Goundanur

Arumuga Goundanur guideline value

The current guideline value of Arumuga Goundanur is Rs 470 per sq.ft, effective from 1 July 2024. This area is located in P. Chettipalayam village and falls under the Coimbatore South Joint 1 SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Arumuga Goundanur has changed

The guideline value for Arumuga Goundanur has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 400 per sq.ft, which was increased to Rs 470 per sq.ft in the 2024 revision, marking an increase of 18%.

Prior to the 2023 revision, the register has no figures for this street. The current guideline value of Rs 470 per sq.ft aligns with the median value of Rs 470 per sq.ft for other streets in P. Chettipalayam under the Coimbatore South Joint 1 SRO.

Guideline values in P. Chettipalayam

P. Chettipalayam has a total of 240 streets under the Coimbatore South Joint 1 SRO, with guideline values ranging from Rs 220 to Rs 1,300 per sq.ft. The current guideline value for Arumuga Goundanur is equal to the median value of Rs 470 per sq.ft. Below are other streets in P. Chettipalayam:

• Ashtalakshmi Colony: Rs 780 per sq.ft (2024)
• Avin Nagar: Rs 780 per sq.ft (2024)
• Avin Nagar Phase-1: Rs 780 per sq.ft (2024)
• Avin Nagar PhaseII: Rs 780 per sq.ft (2024)
• Ayi Gounder Nagar L.O: Rs 780 per sq.ft (2024)
• Ayyan Thottam: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Goundanur

For a 1,000 sq.ft plot at the current rate of Rs 470 per sq.ft, the guideline value amounts to Rs 4,70,000. The stamp duty at 7% would be Rs 32,900, and the registration fee at 2% would be Rs 9,400, totaling Rs 42,300. 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 Arumuga Goundanur?

The Sub Registrar Office that covers Arumuga Goundanur is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, 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 P. Chettipalayam

The guideline value is an essential factor when registering property transactions in P. Chettipalayam. It determines the minimum value at which the property can be sold or transferred, ensuring that the transaction is recorded accurately for taxation purposes.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Arumuga Goundanur?

The current guideline value of Arumuga Goundanur is Rs 470 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 470 per sq.ft in 2024, which is an increase of 18%.

What is the land classification for Arumuga Goundanur?

The land classification for Arumuga Goundanur is Residential Special Type - I.

Where can I find the Sub Registrar Office for Arumuga Goundanur?

The Sub Registrar Office for Arumuga Goundanur is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone.

How is stamp duty calculated for properties in Arumuga Goundanur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees can amount to Rs 42,300.