Guideline Value for Arumugam Avenue Extension

Arumugam Avenue Extension guideline value

The current guideline value of Arumugam Avenue Extension is Rs 880 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 I Type - I.

How the guideline value of Arumugam Avenue Extension has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the value rise to Rs 880 per sq.ft, which is a 10% increase from the previous year.

There are no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Irugur

In Irugur, 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, with a median value of Rs 440 per sq.ft. The guideline value of Arumugam Avenue Extension is above this median.

• Arumugam Avenue Extension phase-II: 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

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 be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arumugam Avenue Extension?

The Sub Registrar Office that covers Arumugam Avenue Extension is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. You can find your SRO for further assistance.

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 is used to determine the stamp duty and registration fees applicable when buying or selling property.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is aligned with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Arumugam Avenue Extension?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the median guideline value in Irugur?

The median guideline value in Irugur is Rs 440 per sq.ft, with Arumugam Avenue Extension's value being above this median.

What are the stamp duty and registration fees for property in Arumugam Avenue Extension?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations for Arumugam Avenue Extension?

The Singanallur Sub Registrar Office handles property registrations for Arumugam Avenue Extension, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.