Guideline Value for Arumugam Layout

Arumugam Layout guideline value

The current guideline value of Arumugam Layout is Rs 1,250 per sq.ft. This area is located in Ward 4 village under the Pollachi SRO, classified as Mixed Special Type - III.

How the guideline value of Arumugam Layout has changed

The guideline value for Arumugam Layout has seen several revisions over the years. In 2007, the value was Rs 1,245 per sq.ft, which increased to Rs 1,250 per sq.ft in 2012. However, it dropped to Rs 837 per sq.ft in 2017, before rising significantly to Rs 1,250 per sq.ft in both the 2023 and 2024 revisions.

From 2017 to 2023, there was a notable increase of 49%. The guideline value remained unchanged from 2023 to 2024, reflecting a 0% change. The overall change from 2007 to 2024 shows a marginal increase of 0% in the guideline value.

Guideline values in Ward 4

In Ward 4, there are 116 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 for these streets is Rs 675 per sq.ft, placing Arumugam Layout's 2024 figure above this median.

• ArumugaChettiyar Street: Rs 541 per sq.ft (2024)
• Arokayanatha pillai Street: Rs 2,000 per sq.ft (2024)
• Azagammal Layout: Rs 541 per sq.ft (2024)
• Azagappa Gounder Street @ Alagappan Mill Road: Rs 675 per sq.ft (2024)
• Azagappa Layout: Rs 675 per sq.ft (2024)
• Azakappa Colony: Rs 675 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total cost to Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Arumugam Layout?

The Sub Registrar Office that covers Arumugam Layout 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 details.

How the guideline value is used when you buy or sell in Ward 4

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues.

When a property is sold, the guideline value serves as a benchmark for calculating the transaction costs, ensuring that all parties are aware of the financial obligations involved. It is essential for both buyers and sellers to be informed about the guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Arumugam Layout?

The current guideline value of Arumugam Layout is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,245 per sq.ft in 2007 to Rs 1,250 per sq.ft in 2012, then dropped to Rs 837 per sq.ft in 2017, and returned to Rs 1,250 per sq.ft in both 2023 and 2024.

What is the land classification of Arumugam Layout?

Arumugam Layout is classified as Mixed Special Type - III, which influences its guideline value and property regulations.

Where can I find the Sub Registrar Office for Arumugam Layout?

The Sub Registrar Office for Arumugam Layout 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 Arumugam Layout?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 12,50,000 incurs a stamp duty of Rs 87,500 at 7%.