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

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

The current guideline value of Arumuga Gounder Street Cross Street II (Ward 20) 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, classified as Residential Class II Type - I.

How the guideline value of Arumuga Gounder Street Cross Street II (Ward 20) has changed

The guideline value for Arumuga Gounder Street Cross Street II has seen several revisions over the years. The earliest recorded revision was in 2012, when the value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 99%, bringing the value up to Rs 1,000 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,040 per sq.ft, reflecting an increase of 4% 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 village, 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 for these streets is Rs 1,040 per sq.ft, which is the same as the current value for Arumuga Gounder Street Cross Street II.

• Arumuga Gounder Street Cross Street III (Ward 21): 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 III (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 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 II (Ward 20)

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 stamp duty and registration would be 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 our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Arumuga Gounder Street Cross Street II (Ward 20) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. For more information, you can find your SRO.

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.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Arumuga Gounder Street Cross Street II (Ward 20)?

The current guideline value of Arumuga Gounder Street Cross Street II (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 significantly from Rs 750 per sq.ft in 2012 to Rs 1,040 per sq.ft in 2024, reflecting an overall increase of 39% over this period.

What are the other streets in Kurichi with the same guideline value?

Other streets in Kurichi with a guideline value of Rs 1,040 per sq.ft include Arumuga Gounder Street Cross Street III (Ward 21), Arumuga Gounder Street Cross Street II (Ward 21), Arumuga Gounder Street Cross Street III (Ward 20), Arumuga Gounder Street Cross Street IV (Ward 20), Arumuga Gounder Street Cross Street IV (Ward 21), and Arumuga Gounder Street Cross Street I (Ward 20).

What is the registration fee for property in Arumuga Gounder Street Cross Street II (Ward 20)?

The registration fee for property in Arumuga Gounder Street Cross Street II is calculated based on the guideline value. For example, a 1,000 sq.ft plot would incur a registration fee of Rs 20,800 at the current guideline value.

Which office handles the registration for Arumuga Gounder Street Cross Street II (Ward 20)?

The Coimbatore North Joint 1 Sub Registrar Office handles the registration for Arumuga Gounder Street Cross Street II (Ward 20), located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.