Guideline Value for Arumugagounder street

Arumugagounder street guideline value

The current guideline value of Arumugagounder street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Kodumudi village, under the Kodumudi SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arumugagounder street has changed

The guideline value for Arumugagounder street has seen several revisions over the years. In 2002, the guideline value was Rs 88 per sq.ft, which increased to Rs 101 per sq.ft in 2003, marking a 15% rise. The value then continued to rise to Rs 125 per sq.ft in 2007, a 24% increase. By 2012, the value was Rs 200 per sq.ft, reflecting a significant 60% increase from the previous revision. However, in 2017, the value dropped to Rs 134 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 both maintain the guideline value at Rs 200 per sq.ft, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 127%. The register has no figures for the years not mentioned in this summary.

Guideline values in Kodumudi

Kodumudi village has a total of 92 streets under the Kodumudi SRO, with guideline values ranging from Rs 200 to Rs 600 per sq.ft as of 2024. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current value of Arumugagounder street.

• Arasampalayam Nadar street: Rs 200 per sq.ft (2024)
• Arasampalayam Harijana colony: Rs 200 per sq.ft (2024)
• Beemgounder street: Rs 600 per sq.ft (2024)
• Amanur Erode-Karur road: Rs 600 per sq.ft (2024)
• Chandrasekarapillai theu: Rs 600 per sq.ft (2024)
• Chinnagounder theru: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugagounder street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty, charged at 7%, would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, the total cost for duty and registration would be Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugagounder street?

The Sub Registrar Office that covers Arumugagounder street is the Kodumudi Sub Registrar Office, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kodumudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Arumugagounder street?

The current guideline value of Arumugagounder street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 88 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of 127% over the years.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for Arumugagounder street?

The Kodumudi Sub Registrar Office handles the registration for Arumugagounder street, located at No.80, Railway Station Road, Kodumudi-638 151, Coimbatore registration zone.

What is the land classification for Arumugagounder street?

Arumugagounder street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.