Guideline Value for Arumugan Street

Arumugan Street guideline value

The current guideline value of Arumugan Street is Rs 784 per sq.ft, effective from 1 July 2024. This street is located in Sulur village, under the Sulur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Arumugan Street has changed

The guideline value for Arumugan Street has undergone several revisions over the years. In 2007, the value was Rs 110 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it decreased to Rs 469 per sq.ft in 2017. The following revision in 2023 saw an increase to Rs 700 per sq.ft, and the most recent revision in 2024 has set the value at Rs 784 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2012, the guideline value rose by 536%. However, it then dropped by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 613%.

Guideline values in Sulur

In Sulur village, there are 228 streets under the Sulur SRO that carry a 2024 guideline value ranging from Rs 280 to Rs 1,400 per sq.ft. The median value is Rs 784 per sq.ft, which is equal to the guideline value of Arumugan Street.

• Arima Nagar: Rs 560 per sq.ft (2024)
• Athavannan Lane: Rs 560 per sq.ft (2024)
• Attali Veerappathevar Nagar: Rs 784 per sq.ft (2024)
• Arasakuravan Sandhu: Rs 784 per sq.ft (2024)
• Appichi Kovil Street: Rs 560 per sq.ft (2024)
• Ayyavu Thevar Sandhu: Rs 784 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 784 per sq.ft, the total guideline value would be Rs 7,84,000. The stamp duty at 7% would amount to Rs 54,880, and the registration fee at 2% would be Rs 15,680, totaling Rs 70,560. 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 details.

Which Sub Registrar Office covers Arumugan Street?

The Sub Registrar Office that covers Arumugan Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

When buying or selling property in Sulur, the guideline value is used to determine the stamp duty and registration fees applicable at the time of registration. It serves as a benchmark for the value of the property, ensuring that the transaction is recorded at a fair value.

The guideline value is essential for both buyers and sellers as it provides a standard reference point. It helps in calculating the costs associated with the transaction and ensures compliance with the regulations set forth by the registration authorities.

Frequently asked questions

What is the current guideline value of Arumugan Street?

The current guideline value of Arumugan Street is Rs 784 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 110 per sq.ft in 2007 to Rs 784 per sq.ft in 2024, with several revisions in between. The most notable change was a 536% increase from 2007 to 2012.

What is the land classification for Arumugan Street?

Arumugan Street is classified as Commercial Class I Type - II. This classification can affect the usage and development of properties in the area.

Where can I find the Sub Registrar Office for Arumugan Street?

The Sub Registrar Office for Arumugan Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

How is stamp duty calculated for properties in Sulur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,84,000, the stamp duty would be calculated at 7% of that amount.