Guideline Value for Arumuga Nadar Street

Arumuga Nadar Street guideline value

The current guideline value of Arumuga Nadar Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ramanathapuram village under the Peelamedu SRO, classified as Residential Class II Type - I.

How the guideline value of Arumuga Nadar Street has changed

The guideline value for Arumuga Nadar Street has evolved significantly over the years. In 2002, the value was Rs 192 per sq.ft, which rose to Rs 211 per sq.ft in 2003, marking a 10% increase. The value saw a modest increase of 7% to Rs 225 per sq.ft in 2007, followed by a substantial rise of 567% to Rs 1,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 1,005 per sq.ft. The guideline value then increased by 49% to Rs 1,500 per sq.ft in 2023, and most recently, it has risen by 13% to Rs 1,700 per sq.ft in 2024.

There are no figures available for the revisions in years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 785%.

Guideline values in Ramanathapuram

In Ramanathapuram village, there are 81 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 5,750 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Arumuga Nadar Street at the median value for 2024.

• Arumugam Nagar: Rs 1,700 per sq.ft (2024)
• Arunachalam Colony: Rs 1,700 per sq.ft (2024)
• Aspire: Rs 4,190 per sq.ft (2024)
• Athumedu: Rs 1,000 per sq.ft (2024)
• Aranyaka Lay Out: Rs 1,650 per sq.ft (2024)
• Ayyavannan Lane: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Nadar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees together to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuga Nadar Street?

The Sub Registrar Office covering Arumuga Nadar Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18, in the Coimbatore registration zone. You can find your SRO here.

How the guideline value is used when you buy or sell in Ramanathapuram

The guideline value is a crucial factor during property registration in Ramanathapuram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property. The guideline value ensures that the transaction is recorded at a fair price according to the local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in property transactions and helps in maintaining accurate records for future reference.

Frequently asked questions

What is the current guideline value of Arumuga Nadar Street?

The current guideline value of Arumuga Nadar Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 192 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 785% over the years.

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

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 17,00,000, the registration fee would be Rs 34,000.

Where is the Sub Registrar Office for Arumuga Nadar Street located?

The Peelamedu Sub Registrar Office is located at 6/1, Grd Road, Redfields, Coimbatore - 18.

How is stamp duty calculated for properties in Ramanathapuram?

Stamp duty is charged at 7% of the higher of the guideline value or the sale price of the property. This ensures that the duty reflects the true value of the transaction.