Guideline Value for Arumugam Layout

Arumugam Layout guideline value

The current guideline value of Arumugam Layout is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Uppilipalayam village, under the Singanallur SRO, and is classified as Residential Class II Type - I.

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 230 per sq.ft, which increased significantly to Rs 875 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 586 per sq.ft. Following this, the value rose to Rs 1,000 per sq.ft in the 2023 revision.

The most recent revision in 2024 set the guideline value at Rs 1,001 per sq.ft, reflecting no change from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 335%.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO, with guideline values ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median guideline value for these streets is Rs 1,232 per sq.ft, indicating that the 2024 figure for Arumugam Layout is below this median.

• Arul Murugan Nagar: Rs 1,001 per sq.ft (2024)
• Appai veethy: Rs 1,232 per sq.ft (2024)
• A.V.M Garden: Rs 1,680 per sq.ft (2024)
• Anugraha Garden: Rs 2,016 per sq.ft (2024)
• Anugraha Apartments: Rs 2,800 per sq.ft (2024)
• Anna Nagar(peelamedu): Rs 1,680 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 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost for these fees Rs 90,090. 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 detailed calculations.

Which Sub Registrar Office covers Arumugam Layout?

The Sub Registrar Office that covers Arumugam Layout 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 Uppilipalayam

The guideline value is a crucial factor when registering property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and for sellers to set realistic expectations regarding their property's worth.

Frequently asked questions

What is the current guideline value of Arumugam Layout?

The current guideline value of Arumugam Layout is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, marking an overall increase of 335% since then.

What are the other guideline values in Uppilipalayam?

In Uppilipalayam, guideline values range from Rs 1,001 to Rs 6,160 per sq.ft, with a median value of Rs 1,232 per sq.ft for the year 2024.

What fees are associated with property registration in Arumugam Layout?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, and is responsible for property registrations in Arumugam Layout.