Guideline Value for Arumugam Gounder Colony

Arumugam Gounder Colony guideline value

The current guideline value of Arumugam Gounder Colony is Rs 420 per sq.ft, effective from 1 July 2024. This colony is located in Ward 2 village under the Pollachi Sub Registrar Office (SRO), classified as Residential Class IV Type - II.

How the guideline value of Arumugam Gounder Colony has changed

The guideline value for Arumugam Gounder Colony has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 91 per sq.ft. This value increased to Rs 200 per sq.ft in 2007, marking a significant rise of 120%. In 2012, the value remained at Rs 420 per sq.ft, reflecting a substantial increase of 110% from the previous revision. However, in 2017, the value dropped to Rs 281 per sq.ft, indicating a decrease of 33%. The value then rose again to Rs 420 per sq.ft in 2023, and it has remained the same in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The current guideline value of Rs 420 per sq.ft in 2024 is equal to the 2023 figure, showing no change from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 362%.

Guideline values in Ward 2

In Ward 2, there are 79 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 is Rs 420 per sq.ft, which is equal to the current value of Arumugam Gounder Colony.

• Arumugam Pillai Street: Rs 541 per sq.ft (2024)
• Arul Vadivel Kannapuram: Rs 350 per sq.ft (2024)
• Arul Jothi Co-Operative Colony: Rs 300 per sq.ft (2024)
• Anumantharaya Street: Rs 1,500 per sq.ft (2024)
• A.V.V.S.Colony: Rs 302 per sq.ft (2024)
• Annapoorani Layout: Rs 675 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Gounder Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 420 per sq.ft, the total guideline value amounts to Rs 4,20,000. The stamp duty at 7% would be Rs 29,400, and the registration fee at 2% would be Rs 8,400, bringing the total charges to Rs 37,800. 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 Arumugam Gounder Colony?

The Arumugam Gounder Colony falls under 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 additional information.

How the guideline value is used when you buy or sell in Ward 2

The guideline value is a crucial factor during the registration of property transactions in Ward 2. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and standardization in property transactions, preventing undervaluation.

Frequently asked questions

What is the current guideline value of Arumugam Gounder Colony?

The current guideline value of Arumugam Gounder Colony is Rs 420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 91 per sq.ft in 2003 to Rs 420 per sq.ft in 2024, reflecting an overall increase of 362% over the years.

What is the stamp duty rate in Arumugam Gounder Colony?

The stamp duty rate in Arumugam Gounder Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pollachi Sub Registrar Office located?

The Pollachi Sub Registrar Office is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is the guideline value determined?

The guideline value is determined based on various factors, including land classification and previous revision figures. It is periodically revised to reflect changes in the real estate market.