Guideline Value for Arumuga Nagar Extension

Arumuga Nagar Extension guideline value

The current guideline value for Arumuga Nagar Extension in Kurichi village, under the Coimbatore North Joint 1 SRO, is Rs 1,055 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Arumuga Nagar Extension has changed

The guideline value for Arumuga Nagar Extension has undergone several revisions over the years. In 2007, the value was set at Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,055 per sq.ft in 2024, marking a 6% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 559%. The register does not contain 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, with 2024 guideline values ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,040 per sq.ft, placing Arumuga Nagar Extension's value above this median.

• Arumuga Thevar Sandhu (Ward 4): Rs 1,035 per sq.ft (2024)
• Arumugam Pillai Street (Ward 5): Rs 1,040 per sq.ft (2024)
• Arumagam Mestri Sandhu (Ward 3): Rs 1,035 per sq.ft (2024)
• Arumuga Mestri Street: 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)

Stamp duty and registration fee for property in Arumuga Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,055 per sq.ft, the total guideline value would be Rs 10,55,000. The stamp duty at 7% would amount to Rs 73,850, while the registration fee at 2% would be Rs 21,100. Together, the total cost for stamp duty and registration would be Rs 94,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumuga Nagar Extension?

The Sub Registrar Office that covers Arumuga Nagar Extension 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 in property transactions in Kurichi. It is used to determine the stamp duty and registration fees that are payable when a property is bought or sold. Buyers and sellers must refer to the current guideline value to understand the financial implications of their transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. It ensures that both parties are aware of the minimum value at which the property can be registered, thus facilitating a transparent transaction process.

Frequently asked questions

What is the current guideline value of Arumuga Nagar Extension?

The current guideline value of Arumuga Nagar Extension is Rs 1,055 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 160 per sq.ft in 2007 to Rs 1,055 per sq.ft in 2024, representing an overall increase of 559% over the years.

What is the land classification of Arumuga Nagar Extension?

Arumuga Nagar Extension is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Arumuga Nagar Extension?

The Sub Registrar Office for Arumuga Nagar Extension is the Coimbatore North Joint 1 Sub Registrar Office, located on Syryan Church Road, Coimbatore -641001.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,55,000 would incur a stamp duty of Rs 73,850 and a registration fee of Rs 21,100.