Guideline Value for Arumugam Avenue Extension phase-II

Arumugam Avenue Extension phase-II guideline value

The current guideline value of Arumugam Avenue Extension phase-II is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Irugur village, under the Singanallur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arumugam Avenue Extension phase-II has changed

In the 2017 revision, the guideline value for Arumugam Avenue Extension phase-II was Rs 536 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 536 per sq.ft. However, in the 2024 revision, the guideline value increased significantly to Rs 880 per sq.ft, marking a 64% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur village, there are 307 streets under the Singanallur SRO that have 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, making the Arumugam Avenue Extension phase-II's 2024 figure of Rs 880 per sq.ft above the median.

• Arumugam Avenue Extension: Rs 880 per sq.ft (2024)
• Arumugam Avenue: Rs 550 per sq.ft (2024)
• Arumugagoundar street: Rs 275 per sq.ft (2024)
• Arumugapannadi Lane: Rs 440 per sq.ft (2024)
• ArulMurugan Nagar: Rs 440 per sq.ft (2024)
• Arunthathiar street: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Avenue Extension phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugam Avenue Extension phase-II?

The Sub Registrar Office that covers Arumugam Avenue Extension phase-II is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Irugur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Arumugam Avenue Extension phase-II?

The current guideline value of Arumugam Avenue Extension phase-II is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, representing a 64% increase. There were no changes recorded in the 2023 revision.

What is the land classification of Arumugam Avenue Extension phase-II?

Arumugam Avenue Extension phase-II is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for properties in this area?

The registration office for properties in Arumugam Avenue Extension phase-II is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for properties in Irugur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.