Guideline Value for Arumugam Street 1, 2

Arumugam Street 1, 2 guideline value

The current guideline value for Arumugam Street 1, 2 is Rs 1,568 per sq.ft, effective from 1 July 2024. This street is located in Singanallur village and falls under the Singanallur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Arumugam Street 1, 2 has changed

Over the years, the guideline value for Arumugam Street 1, 2 has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,568 per sq.ft from the 2024 revision. The changes observed include a 49% increase from 2017 to 2023 and a 12% increase from 2023 to 2024.

It is important to note that 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 12%.

Guideline values in Singanallur

In Singanallur village, there are 313 streets under the Singanallur SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 3,360 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Arumugam Street 1, 2 above this median.

• Arul Murugan Nagar (S.I.H.S. colony): Rs 1,001 per sq.ft (2024)
• Arul Jothipuram: Rs 1,120 per sq.ft (2024)
• A.R. Layout: Rs 1,000 per sq.ft (2024)
• Asthanthira Street (East): Rs 1,120 per sq.ft (2024)
• Asthanthira street West: Rs 1,120 per sq.ft (2024)
• Areomdrome Rd: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Street 1, 2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,568 per sq.ft, the total guideline value would be Rs 15,68,000. The stamp duty at 7% would be Rs 1,09,760, and the registration fee at 2% would be Rs 31,360, bringing the total to Rs 1,41,120. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your potential costs using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugam Street 1, 2?

The Sub Registrar Office that covers Arumugam Street 1, 2 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

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

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures compliance with legal requirements and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Arumugam Street 1, 2?

The current guideline value of Arumugam Street 1, 2 is Rs 1,568 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,568 per sq.ft in 2024. The most significant increase was 49% from 2017 to 2023.

What is the land classification for Arumugam Street 1, 2?

The land classification for Arumugam Street 1, 2 is Residential Special Type - III, indicating its intended use for residential purposes.

Where can I find the Singanallur Sub Registrar Office?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.

How is the stamp duty calculated for properties in Arumugam Street 1, 2?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,09,760.