Guideline Value for Arumugam Street

Arumugam Street guideline value

The current guideline value of Arumugam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sanganur. village, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arumugam Street has changed

The guideline value for Arumugam Street has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, there was a decline to Rs 536 per sq.ft in 2017. The value then rose sharply to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as per the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Sanganur.

In Sanganur., there are 394 streets under the Gandhipuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,080 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing Arumugam Street's 2024 figure below that median.

• Aruna Nagar: Rs 1,100 per sq.ft (2024)
• Arul Nagar (or) Nehruji Nagar: Rs 1,100 per sq.ft (2024)
• Arokiasamy Street: Rs 1,120 per sq.ft (2024)
• ARGA Layout: Rs 1,900 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Anna Nagar New Line Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 details.

Which Sub Registrar Office covers Arumugam Street?

The Sub Registrar Office that covers Arumugam Street is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arumugam Street?

The current guideline value of Arumugam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a significant increase of 450% over the years.

What is the registration office for Arumugam Street?

The registration office for Arumugam Street is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

What are the stamp duty and registration fees for property in Arumugam Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find more information about the guideline values in Sanganur?

More information about the guideline values in Sanganur can be found in the Registration Department's guideline value register (TNReginet).