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

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

The current guideline value for Arumuga Gounder Street Cross Street IV (Ward 21) is Rs 1,040 per sq.ft. 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 IV (Ward 21) has changed

The guideline value for Arumuga Gounder Street Cross Street IV has undergone several revisions over the years. In 2012, the value was Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 1,000 per sq.ft, marking a 99% rise. 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 this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 39%.

Guideline values in Kurichi

In Kurichi, there are a total of 536 streets under the Coimbatore North Joint 1 SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,040 per sq.ft, which is equal to the 2024 figure for Arumuga Gounder Street Cross Street IV.

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

Stamp duty and registration fee for property in Arumuga Gounder Street Cross Street IV (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, while the registration fee at 2% would be Rs 20,800. Together, the total cost for these fees would be Rs 93,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Arumuga Gounder Street Cross Street IV (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 critical factor when buying or selling property in Kurichi. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is registered at a fair value. This helps in preventing undervaluation of properties during registration.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership, and they are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Arumuga Gounder Street Cross Street IV (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 significantly from Rs 750 per sq.ft in 2012 to Rs 1,040 per sq.ft in 2024, with a notable increase of 99% from 2017 to 2023.

What is the land classification for this street?

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

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 93,600.