Guideline Value for Arumuga Gounder Street (Ward 20)

Arumuga Gounder Street (Ward 20) guideline value

The current guideline value of Arumuga Gounder Street (Ward 20) is Rs 1,040 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Arumuga Gounder Street (Ward 20) has changed

The guideline value for Arumuga Gounder Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 750 per sq.ft. This increased to Rs 502 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 99%, bringing the value to Rs 1,000 per sq.ft. The most recent revision in 2024 set the value at Rs 1,040 per sq.ft, reflecting a 4% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%.

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. The median value is Rs 1,040 per sq.ft, which is equal to the 2024 figure for Arumuga Gounder Street (Ward 20).

• Arumuga Gounder Street-Main: Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street I (Ward 21): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street I (Ward 20): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street IV (Ward 21): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street IV (Ward 20): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street II (Ward 21): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Gounder Street (Ward 20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value amounts to Rs 10,40,000. The stamp duty at 7% would be Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total fees together 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Arumuga Gounder Street (Ward 20)?

The Sub Registrar Office that covers Arumuga Gounder Street (Ward 20) 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Kurichi. It serves as the base value for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register. Buyers and sellers must be aware of this value to understand the financial implications of their property dealings.

When buying or selling property, the guideline value is referenced to determine the appropriate fees that need to be paid during registration. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Arumuga Gounder Street (Ward 20)?

The current guideline value of Arumuga Gounder Street (Ward 20) 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 increased 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 Arumuga Gounder Street (Ward 20)?

The land classification for Arumuga Gounder Street (Ward 20) is Residential Class II Type - I.

Which office handles registrations for properties in this area?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for properties in Arumuga Gounder Street (Ward 20).

Where can I find more information on stamp duty and registration fees?

You can find more information on stamp duty and registration fees using the stamp duty and registration fee calculator.