Guideline Value for Arumuga Nagar

Arumuga Nagar guideline value

The current guideline value of Arumuga Nagar is Rs 1,014 per sq.ft, effective from 1 July 2024. This locality is situated in Thudiyalur village, under the Periyanayakkan Palayam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Arumuga Nagar has changed

The guideline value of Arumuga Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which then decreased to Rs 234 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 327%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,014 per sq.ft, reflecting a 1% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 190%.

Guideline values in Thudiyalur

In Thudiyalur, there are 282 streets under the Periyanayakkan Palayam SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 4,000 per sq.ft, with a median value of Rs 1,019 per sq.ft. The guideline value for Arumuga Nagar is below this median.

• Arjuna Gounder Colony: Rs 1,018 per sq.ft (2024)
• Arigzar Anna Teachers Colony: Rs 1,020 per sq.ft (2024)
• Aravan Kovil Street: Rs 1,020 per sq.ft (2024)
• Apple Avenue: Rs 1,021 per sq.ft (2024)
• Appanaickenpalayam (Ward No.18): Rs 1,014 per sq.ft (2024)
• Appanaickenpalayam (Ward No.17): Rs 1,014 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,014 per sq.ft, the total guideline value amounts to Rs 10,14,000. The stamp duty at 7% would be Rs 70,980, and the registration fee at 2% would be Rs 20,280, bringing the total cost for these fees to Rs 91,260. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arumuga Nagar?

The Sub Registrar Office that covers Arumuga Nagar is the Periyanayakkan Palayam Sub Registrar Office, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thudiyalur. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately for taxation and legal purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on this guideline value. This ensures that the government collects the appropriate taxes and maintains a transparent record of property transactions.

Frequently asked questions

What is the current guideline value of Arumuga Nagar?

The current guideline value of Arumuga Nagar is Rs 1,014 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 350 per sq.ft in 2012 to Rs 1,014 per sq.ft in 2024, reflecting an overall increase of 190% over this period.

What are the other streets in Thudiyalur with their guideline values?

Other streets in Thudiyalur include Arjuna Gounder Colony at Rs 1,018 per sq.ft, Arigzar Anna Teachers Colony at Rs 1,020 per sq.ft, and Apple Avenue at Rs 1,021 per sq.ft, among others.

What are the stamp duty and registration fees for property in Arumuga Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,14,000, leading to a stamp duty of Rs 70,980 and a registration fee of Rs 20,280, totaling Rs 91,260.

Which office do I need to visit for property registration in Arumuga Nagar?

The Periyanayakkan Palayam Sub Registrar Office is the designated office for property registration in Arumuga Nagar, located at No.171, Kuppichipalayam Road, Railway Feeder Road, Periyanaickenpalayam, Coimbatore -641020.