Guideline Value for Arumuga Gounder Street Cross Street I (Ward 21)

Arumuga Gounder Street Cross Street I (Ward 21) guideline value

The current guideline value of Arumuga Gounder Street Cross Street I (Ward 21) is Rs 1,040 per sq.ft. This street is located in Kurichi village, under the Coimbatore North Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arumuga Gounder Street Cross Street I (Ward 21) has changed

The guideline value for Arumuga Gounder Street Cross Street I has undergone several revisions over the years. In the 2012 revision, the value was Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value saw a remarkable increase of 99%, bringing it to Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,040 per sq.ft, marking 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, 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 the same as the 2024 figure for Arumuga Gounder Street Cross Street I.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,040 per sq.ft, the total guideline value would be Rs 10,40,000. The stamp duty at 7% would amount to Rs 72,800, and the registration fee at 2% would be Rs 20,800, bringing the total cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers Arumuga Gounder Street Cross Street I (Ward 21)?

The Sub Registrar Office that covers Arumuga Gounder Street Cross Street I (Ward 21) 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 when buying or selling property in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value for Arumuga Gounder Street Cross Street I (Ward 21)?

The current guideline value for Arumuga Gounder Street Cross Street I (Ward 21) is Rs 1,040 per sq.ft, effective from July 1, 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 this street?

Arumuga Gounder Street Cross Street I (Ward 21) is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office covering Arumuga Gounder Street Cross Street I (Ward 21) is the Coimbatore North Joint 1 Sub Registrar Office, located at Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 10,40,000 would incur a stamp duty of Rs 72,800 at 7%.