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

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

The current guideline value of Arumuga Gounder Street Cross Street III (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. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Arumuga Gounder Street Cross Street III has seen 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. 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 further increased the guideline value to Rs 1,040 per sq.ft, marking a 4% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 39% from 2012 to 2024.

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 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 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 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 20)

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, leading to a total of 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 details.

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

The Sub Registrar Office that covers Arumuga Gounder Street Cross Street III (Ward 20) 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

When buying or selling property in Kurichi, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value for Arumuga Gounder Street Cross Street III (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 is the land classification for this street?

The land classification for Arumuga Gounder Street Cross Street III (Ward 20) 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 20) 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 this area?

Stamp duty is 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 stamp duty would be Rs 72,800 at 7%.