Guideline Value for Arumugagoundar street

Arumugagoundar street guideline value

The current guideline value of Arumugagoundar street is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Irugur village, under the Singanallur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Arumugagoundar street has changed

Over the years, the guideline value of Arumugagoundar street has seen several revisions. The 2017 revision set the value at Rs 167 per sq.ft. In 2023, the guideline value increased to Rs 250 per sq.ft, reflecting a 50% rise from the previous revision. The most recent revision in 2024 raised the value further to Rs 275 per sq.ft, marking a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has risen by 65%.

The register has no figures for Arumugagoundar street for the years 2002, 2003, 2007, and 2012. This lack of data indicates that the guideline value for these years was not established for this particular street.

Guideline values in Irugur

In Irugur village, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, placing Arumugagoundar street's 2024 figure below this median.

• Arumugam Avenue: Rs 550 per sq.ft (2024)
• ArulMurugan Nagar: Rs 440 per sq.ft (2024)
• Arumugam Avenue Extension: Rs 880 per sq.ft (2024)
• Arumugam Avenue Extension phase-II: Rs 880 per sq.ft (2024)
• Arumugapannadi Lane: Rs 440 per sq.ft (2024)
• Arunthathiar street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugagoundar street

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, while the registration fee at 2% would be Rs 5,500, making the total cost Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arumugagoundar street?

The Sub Registrar Office that covers Arumugagoundar street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irugur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Arumugagoundar street?

The current guideline value of Arumugagoundar street is Rs 275 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 167 per sq.ft to the 2024 revision of Rs 275 per sq.ft, the guideline value has increased by 65% overall. The value rose from Rs 250 per sq.ft in 2023 to Rs 275 per sq.ft in 2024, which is a 10% increase.

What are the stamp duty and registration fees for property in Arumugagoundar street?

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value is Rs 2,75,000. The stamp duty is Rs 19,250, and the registration fee is Rs 5,500, totaling Rs 24,750.

Which Sub Registrar Office is responsible for Arumugagoundar street?

The Singanallur Sub Registrar Office covers Arumugagoundar street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

What is the land classification of Arumugagoundar street?

Arumugagoundar street is classified as Residential Class III Type - II, which indicates its designated use for residential purposes within the local planning framework.