Guideline Value for Arumuga Gounder Street-Main

Arumuga Gounder Street-Main guideline value

The current guideline value of Arumuga Gounder Street-Main in Kurichi village is Rs 1,040 per sq.ft, effective from 1 July 2024. This street falls under the Coimbatore North Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Arumuga Gounder Street-Main has changed

The guideline value for Arumuga Gounder Street-Main has seen several revisions over the years. In the 2007 revision, the value was set at Rs 230 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a rise of 226%. However, the value then decreased to Rs 502 per sq.ft in 2017, a drop of 33%. The 2023 revision marked another significant increase to Rs 1,000 per sq.ft, followed by a further rise to Rs 1,040 per sq.ft in 2024, reflecting a 4% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 352%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kurichi

In Kurichi, 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 that of Arumuga Gounder Street-Main.

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

Stamp duty and registration fee for property in Arumuga Gounder Street-Main

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, and the registration fee at 2% would be Rs 20,800, bringing the total fees to Rs 93,600. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumuga Gounder Street-Main?

The Sub Registrar Office covering Arumuga Gounder Street-Main 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 a crucial factor when registering property transactions in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in property dealings.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Arumuga Gounder Street-Main?

The current guideline value of Arumuga Gounder Street-Main 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 230 per sq.ft in 2007 to Rs 1,040 per sq.ft in 2024, marking an overall increase of 352% over the years.

What are the stamp duty and registration fees for property in Arumuga Gounder Street-Main?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 72,800, and the registration fee would be Rs 20,800, totaling Rs 93,600.

Which Sub Registrar Office covers this street?

The Coimbatore North Joint 1 Sub Registrar Office covers Arumuga Gounder Street-Main, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What is the land classification of Arumuga Gounder Street-Main?

Arumuga Gounder Street-Main is classified as Residential Class II Type - I, indicating its suitability for residential purposes.