Guideline Value for Arumugam Pillai Street

Arumugam Pillai Street guideline value

The current guideline value of Arumugam Pillai Street is Rs 541 per sq.ft, effective from 1 July 2024. This street is located in Ward 2 village under the Pollachi SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Arumugam Pillai Street has changed

The guideline value for Arumugam Pillai Street has seen several revisions over the years. In 2002, the value was Rs 222 per sq.ft, which increased to Rs 252 per sq.ft in 2003, marking a change of +14%. The value then rose to Rs 285 per sq.ft in 2007, an increase of +13%. In 2012, the value was Rs 540 per sq.ft, reflecting a significant rise of +89%. The 2017 revision set the value at Rs 362 per sq.ft, a decrease of -33%. The most recent revisions in 2023 and 2024 both recorded the value at Rs 541 per sq.ft, indicating no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by +144%. The register has no figure for the years not mentioned in this summary.

Guideline values in Ward 2

In Ward 2, there are 79 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft, with a median value of Rs 420 per sq.ft. The guideline value of Arumugam Pillai Street is above this median.

• Arumugam Gounder Colony: Rs 420 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 Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 541 per sq.ft, the total guideline value amounts to Rs 5,41,000. The stamp duty at 7% would be Rs 37,870, and the registration fee at 2% would be Rs 10,820, bringing the total fees together to Rs 48,690. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugam Pillai Street?

The Sub Registrar Office that covers Arumugam Pillai Street 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 2

The guideline value is a crucial factor in property transactions within Ward 2. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arumugam Pillai Street?

The current guideline value of Arumugam Pillai Street is Rs 541 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 222 per sq.ft in 2002 to Rs 541 per sq.ft in 2024, representing an overall increase of +144% over the years.

What is the stamp duty for property in Arumugam Pillai Street?

The stamp duty for property in Arumugam Pillai Street is 7% of the guideline value or 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.

What are the other streets in Ward 2 with their guideline values?

Other streets in Ward 2 include Arumugam Gounder Colony at Rs 420 per sq.ft, Arul Vadivel Kannapuram at Rs 350 per sq.ft, and Anumantharaya Street at Rs 1,500 per sq.ft, among others.