Guideline Value for Arumugam Mestri Sandhu (Ward 3)

Arumugam Mestri Sandhu (Ward 3) guideline value

The current guideline value of Arumugam Mestri Sandhu (Ward 3) is Rs 1,035 per sq.ft, effective from 1 July 2024. This property is located in Kurichi village and falls under the Coimbatore North Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Arumugam Mestri Sandhu (Ward 3) has changed

The guideline value for Arumugam Mestri Sandhu has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase to Rs 1,000 per sq.ft, marking a rise of 149%. The most recent revision in 2024 set the value at Rs 1,035 per sq.ft, reflecting a 4% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 73%.

Guideline values in Kurichi

In Kurichi, there are 536 streets under the Coimbatore North Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,040 per sq.ft. The guideline value for Arumugam Mestri Sandhu is below this median.

• Arumuga Mestri Street: Rs 1,035 per sq.ft (2024)
• Arumugam Pillai Street (Ward 5): Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street (Ward 20): Rs 1,040 per sq.ft (2024)
• Arumuga Nagar Extension: Rs 1,055 per sq.ft (2024)
• Arumuga Gounder Street-Main: Rs 1,040 per sq.ft (2024)
• Arumuga Gounder Street Cross Street I (Ward 21): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Mestri Sandhu (Ward 3)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,035 per sq.ft, the total guideline value amounts to Rs 10,35,000. The stamp duty at 7% would be Rs 72,450, and the registration fee at 2% would be Rs 20,700, making a total of Rs 93,150. 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 details.

Which Sub Registrar Office covers Arumugam Mestri Sandhu (Ward 3)?

The Sub Registrar Office that covers Arumugam Mestri Sandhu (Ward 3) is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is an essential reference point for property transactions in Kurichi. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the sale price is compared to the guideline value. The higher of the two amounts is used to calculate the applicable fees, ensuring that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for Arumugam Mestri Sandhu (Ward 3)?

The current guideline value for Arumugam Mestri Sandhu (Ward 3) is Rs 1,035 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased from Rs 600 per sq.ft to Rs 1,035 per sq.ft in 2024, marking an overall increase of 73% over the years.

What was the guideline value in 2023?

The guideline value for Arumugam Mestri Sandhu in 2023 was Rs 1,000 per sq.ft.

What is the land classification for this area?

The land classification for Arumugam Mestri Sandhu (Ward 3) is Residential Class II Type - II.

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

The Sub Registrar Office for Arumugam Mestri Sandhu (Ward 3) is located at the District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001.