Guideline Value for Arumuga Mestri Street

Arumuga Mestri Street guideline value

The current guideline value of Arumuga Mestri Street is Rs 1,035 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village under the Coimbatore North Joint 1 SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Arumuga Mestri Street has changed

The guideline value for Arumuga Mestri Street has seen several revisions over the years. In 2003, the guideline value was Rs 112 per sq.ft, which increased to Rs 160 per sq.ft in 2007. Following this, the value rose significantly to Rs 600 per sq.ft in 2012, but then dropped to Rs 402 per sq.ft in 2017. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, and it further rose to Rs 1,035 per sq.ft in 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 149%. There was a decrease of 33% from 2012 to 2017. The value surged by 275% from 2007 to 2012, and there was a 43% increase from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 824%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,040 per sq.ft, which means that Arumuga Mestri Street's 2024 figure is below that median.

• Arumugam Mestri Sandhu (Ward 3): Rs 1,035 per sq.ft (2024)
• Arumuga Gounder Street (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 I (Ward 21): 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)

Stamp duty and registration fee for property in Arumuga Mestri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,035 per sq.ft, the total guideline value would be Rs 10,35,000. The stamp duty at 7% would amount to Rs 72,450, and the registration fee at 2% would be Rs 20,700, bringing the total to Rs 93,150. Please note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuga Mestri Street?

The Sub Registrar Office that covers Arumuga Mestri Street 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 crucial factor during property registration in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both the buyer and seller agree on a fair price. It is essential for buyers to be aware of the guideline value to ensure that they are not overpaying for the property.

Frequently asked questions

What is the current guideline value of Arumuga Mestri Street?

The current guideline value of Arumuga Mestri Street is Rs 1,035 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 112 per sq.ft in 2003 to Rs 1,035 per sq.ft in 2024, marking an overall increase of 824% over the years.

What are the other streets in Kurichi with similar guideline values?

Other streets in Kurichi with guideline values around Rs 1,035 per sq.ft include Arumugam Mestri Sandhu (Ward 3) at Rs 1,035 per sq.ft and several Arumuga Gounder Streets at Rs 1,040 per sq.ft.

What is the registration fee for property in Arumuga Mestri Street?

The registration fee for property in Arumuga Mestri Street is 2% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 20,700.

Where can I find the Sub Registrar Office for Arumuga Mestri Street?

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