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

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

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

The guideline value for Arumuga Gounder Street Cross Street III has seen several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft, which changed 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 has further increased the guideline value to Rs 1,040 per sq.ft, reflecting a 4% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 39%, indicating a substantial change over the years.

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 guideline value for these streets is Rs 1,040 per sq.ft, which is the same as the current value for Arumuga Gounder Street Cross Street III.

• Arumuga Gounder Street Cross Street III (Ward 20): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street II (Ward 20): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street II (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 IV (Ward 21): 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 III (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 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 accurate calculations based on your property details.

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

The Sub Registrar Office that covers Arumuga Gounder Street Cross Street III (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 more information.

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

The guideline value is a crucial factor when registering property transactions in Kurichi. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the costs involved in the transaction.

When a property is sold or purchased, the guideline value is used to calculate the necessary fees based on the property's size and value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value for Arumuga Gounder Street Cross Street III (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 1,040 per sq.ft in 2024, reflecting an overall increase of 39% over the years.

What is the land classification for this street?

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

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in Kurichi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,40,000, the stamp duty would be 7% of this amount.