Guideline Value for Arumuga Gounder Street Cross Street I (Ward 20)

Arumuga Gounder Street Cross Street I (Ward 20) guideline value

The current guideline value of Arumuga Gounder Street Cross Street I (Ward 20) 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 I (Ward 20) 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 set at Rs 750 per sq.ft. This increased to Rs 502 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise to Rs 1,000 per sq.ft, which is a 99% increase. The most recent revision in 2024 set the guideline value at Rs 1,040 per sq.ft, reflecting a 4% increase from the previous year.

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 among these streets is Rs 1,040 per sq.ft, which is equal to the 2024 figure for Arumuga Gounder Street Cross Street I.

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

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

For a 1,000 sq.ft plot at the current rate of Rs 1,040 per sq.ft, the 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 to Rs 93,600. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Arumuga Gounder Street Cross Street I 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 an essential factor in the property registration process in Kurichi. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that the fees reflect the current market standards for that area. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Arumuga Gounder Street Cross Street I (Ward 20)?

The current guideline value for Arumuga Gounder Street Cross Street I (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 are the other streets in Kurichi with the same guideline value?

Other streets in Kurichi that share the same guideline value of Rs 1,040 per sq.ft for 2024 include Arumuga Gounder Street Cross Street IV (Ward 21), Arumuga Gounder Street Cross Street I (Ward 21), Arumuga Gounder Street Cross Street IV (Ward 20), Arumuga Gounder Street-Main, Arumuga Gounder Street Cross Street II (Ward 21), and Arumuga Gounder Street (Ward 20).

What is the registration fee for property in this area?

The registration fee for property in Arumuga Gounder Street Cross Street I is calculated based on the guideline value. For example, for a plot valued at Rs 10,40,000, the registration fee would be Rs 20,800 at a rate of 2%.

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

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