Guideline Value for Arumugam Lay out / Nagar (A.K.Pani Gardens)

Arumugam Lay out / Nagar (A.K.Pani Gardens) guideline value

The current guideline value of Arumugam Lay out / Nagar (A.K.Pani Gardens) is Rs 911 per sq.ft, effective from 1 July 2024. This area is located in Ward 5 village under the Pollachi SRO and is classified as Residential Special Type - IV.

How the guideline value of Arumugam Lay out / Nagar (A.K.Pani Gardens) has changed

Over the years, the guideline value for Arumugam Lay out / Nagar (A.K.Pani Gardens) has seen several revisions. The earliest recorded figure is from 2007, which was Rs 605 per sq.ft. This increased to Rs 910 per sq.ft in 2012, marking a 50% rise. However, the value dropped to Rs 610 per sq.ft in 2017, a decrease of 33%. The value then saw a significant increase of 49% to Rs 911 per sq.ft in 2023, which remained unchanged in the 2024 revision.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 51%, with the current rate being Rs 911 per sq.ft.

Guideline values in Ward 5

In Ward 5, there are 70 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 675 to Rs 2,500 per sq.ft, with a median value of Rs 1,150 per sq.ft. The guideline value of Arumugam Lay out / Nagar (A.K.Pani Gardens) is below this median.

• A.S.D.Puram: Rs 911 per sq.ft (2024)
• Balagopalapuram Street: Rs 1,250 per sq.ft (2024)
• BalaSubramanian Street: Rs 1,250 per sq.ft (2024)
• Banglow Road: Rs 2,500 per sq.ft (2024)
• Bharathi Street: Rs 1,150 per sq.ft (2024)
• Bioscope Road (Sellam Takies Street): Rs 1,175 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Lay out / Nagar (A.K.Pani Gardens)

For a 1,000 sq.ft plot at the current guideline value of Rs 911 per sq.ft, the total guideline value amounts to Rs 9,11,000. The stamp duty at 7% would be Rs 63,770, and the registration fee at 2% would be Rs 18,220, totaling Rs 81,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumugam Lay out / Nagar (A.K.Pani Gardens)?

The Sub Registrar Office that covers Arumugam Lay out / Nagar (A.K.Pani Gardens) is 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 more information.

How the guideline value is used when you buy or sell in Ward 5

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Ward 5, the guideline value will be used to calculate the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Arumugam Lay out / Nagar (A.K.Pani Gardens)?

The current guideline value of Arumugam Lay out / Nagar (A.K.Pani Gardens) is Rs 911 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 605 per sq.ft in 2007, increasing to Rs 910 in 2012, dropping to Rs 610 in 2017, and rising to Rs 911 in 2023 and 2024.

What is the land classification for this area?

Arumugam Lay out / Nagar (A.K.Pani Gardens) is classified as Residential Special Type - IV.

Where can I find the Sub Registrar Office for this area?

The Pollachi Sub Registrar Office covers Arumugam Lay out / Nagar (A.K.Pani Gardens) and is located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,11,000, the stamp duty would be Rs 63,770 at 7%, along with a registration fee of Rs 18,220 at 2%.