Guideline Value for Arumuga Thevar Sandhu (Ward 4)

Arumuga Thevar Sandhu (Ward 4) guideline value

The current guideline value of Arumuga Thevar Sandhu (Ward 4) is Rs 1,035 per sq.ft, effective from 1 July 2024. This street is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Arumuga Thevar Sandhu (Ward 4) has changed

The guideline value for Arumuga Thevar Sandhu has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 600 per sq.ft. This figure changed to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, there was a significant increase to Rs 1,000 per sq.ft, which represents a 149% rise. The most recent revision in 2024 set the value at Rs 1,035 per sq.ft, marking a 4% increase 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 73%.

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, with a median value of Rs 1,040 per sq.ft. The guideline value for Arumuga Thevar Sandhu (Ward 4) is below this median.

• Arumuga Nagar Extension: Rs 1,055 per sq.ft (2024)
• Arumugam Pillai Street (Ward 5): Rs 1,040 per sq.ft (2024)
• Arumugam 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 Thevar Sandhu (Ward 4)

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 fees to Rs 93,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumuga Thevar Sandhu (Ward 4)?

The Sub Registrar Office that covers Arumuga Thevar Sandhu (Ward 4) 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 details.

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

The guideline value is a crucial factor when buying or selling property in Kurichi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arumuga Thevar Sandhu (Ward 4)?

The current guideline value of Arumuga Thevar Sandhu (Ward 4) 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 from Rs 600 per sq.ft in 2012 to Rs 1,035 per sq.ft in 2024, reflecting an overall increase of 73% over this period.

What is the registration office for Arumuga Thevar Sandhu (Ward 4)?

The registration office for Arumuga Thevar Sandhu (Ward 4) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is charged at 2%. For example, a property valued at Rs 10,35,000 would incur total fees of Rs 93,150.

How is the guideline value determined for properties in Kurichi?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical data. It is revised periodically to reflect changes in the real estate market.