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

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

The current guideline value of Arumuga Gounder Street Cross Street II (Ward 21) 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 Cross Street II (Ward 21) has changed

The guideline value for Arumuga Gounder Street Cross Street II has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, there was a significant increase to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 raised it further to Rs 1,040 per sq.ft, marking a 4% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 39%. The 2023 to 2024 change reflects a 4% rise, while the jump from 2017 to 2023 shows a remarkable increase of 99%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 for these streets is Rs 1,040 per sq.ft, which aligns with the current value of Arumuga Gounder Street Cross Street II.

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

Stamp duty and registration fee for property in Arumuga Gounder Street Cross Street II (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 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 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 also use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers Arumuga Gounder Street Cross Street II (Ward 21) is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role 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 need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the authorities will assess the higher value between the guideline value and the sale price to determine the applicable duties. This ensures that all transactions are conducted fairly and transparently, adhering to the established guidelines.

Frequently asked questions

What is the current guideline value of Arumuga Gounder Street Cross Street II (Ward 21)?

The current guideline value of Arumuga Gounder Street Cross Street II (Ward 21) 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 this street?

The land classification for Arumuga Gounder Street Cross Street II (Ward 21) is Residential Class II Type - I.

Which Sub Registrar Office covers this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,40,000, leading to a stamp duty of Rs 72,800 at 7%.