Guideline Value for ArumugaChettiyar Street

ArumugaChettiyar Street guideline value

The current guideline value of ArumugaChettiyar Street is Rs 541 per sq.ft, effective from 1 July 2024. This street is located in Ward 4 village under the Pollachi SRO, classified as Residential Class II Type - I.

How the guideline value of ArumugaChettiyar Street has changed

The guideline value for ArumugaChettiyar Street has undergone several revisions over the years. In 2002, the value was Rs 298 per sq.ft, which increased to Rs 322 per sq.ft in 2003, marking an 8% rise. The value continued to rise to Rs 375 per sq.ft in 2007, reflecting a 16% increase. By 2012, the value slightly decreased to Rs 540 per sq.ft, showing a decline of 33% from the previous revision. The value then increased to Rs 362 per sq.ft in 2017, which was a 49% increase. The guideline value remained at Rs 541 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 82%, moving from Rs 298 per sq.ft to the current rate of Rs 541 per sq.ft. There are no figures available for the revisions in years other than those specified.

Guideline values in Ward 4

In Ward 4, there are 116 streets under the Pollachi SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 675 per sq.ft, placing ArumugaChettiyar Street's current value below this median.

• Arumugam Layout: Rs 1,250 per sq.ft (2024)
• Arokayanatha pillai Street: Rs 2,000 per sq.ft (2024)
• Azagammal Layout: Rs 541 per sq.ft (2024)
• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 per sq.ft (2024)
• Azakappa Colony: Rs 675 per sq.ft (2024)

Stamp duty and registration fee for property in ArumugaChettiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value would be Rs 5,41,000. The stamp duty at 7% would amount to Rs 37,870, while the registration fee at 2% would be Rs 10,820. Together, the total cost for stamp duty and registration would be Rs 48,690. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ArumugaChettiyar Street?

The Sub Registrar Office that covers ArumugaChettiyar Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is an essential factor during property registration in Ward 4. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction process.

When registering a property, the guideline value helps in calculating the necessary fees and taxes. It is crucial for both parties involved in the transaction to understand how this value affects the overall cost of property transfer, ensuring transparency and adherence to the regulations set by the registration department.

Frequently asked questions

What is the current guideline value of ArumugaChettiyar Street?

The current guideline value of ArumugaChettiyar Street is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 298 per sq.ft in 2002 to Rs 541 per sq.ft in 2024, reflecting an overall increase of 82%. It has remained the same at Rs 541 per sq.ft between the 2023 and 2024 revisions.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 5,41,000, the stamp duty would be Rs 37,870 and the registration fee would be Rs 10,820, totaling Rs 48,690. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for ArumugaChettiyar Street?

The Pollachi Sub Registrar Office handles registrations for ArumugaChettiyar Street. It is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

What is the land classification for ArumugaChettiyar Street?

ArumugaChettiyar Street is classified as Residential Class II Type - I. This classification is important for understanding the types of properties and developments allowed in the area.