Guideline Value for Arumuganayakar street

Arumuganayakar street guideline value

The current guideline value of Arumuganayakar street in Vellalore village is Rs 220 per sq.ft, effective from the 2024 revision. This street falls under the Singanallur SRO and is classified as Residential Class II Type - III.

How the guideline value of Arumuganayakar street has changed

Over the years, the guideline value of Arumuganayakar street has seen several revisions. In the 2007 revision, the value was Rs 65 per sq.ft, which increased significantly to Rs 200 per sq.ft in the 2012 revision, marking a 208% increase. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, reflecting a 33% drop. The value then rose to Rs 200 per sq.ft in the 2023 revision, followed by a further increase to Rs 220 per sq.ft in the 2024 revision, which is a 10% rise.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 238%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 210 to Rs 3,850 per sq.ft, with a median value of Rs 330 per sq.ft. The guideline value for Arumuganayakar street is below this median.

• Arupadai Nagar: Rs 220 per sq.ft (2024)
• Aruthra Nagar: Rs 330 per sq.ft (2024)
• Aruthra Nagar Phase 1: Rs 330 per sq.ft (2024)
• Ashok Metha Street: Rs 330 per sq.ft (2024)
• Asokar street: Rs 770 per sq.ft (2024)
• Aristo Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Arumuganayakar street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. 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 detailed calculations.

Which Sub Registrar Office covers Arumuganayakar street?

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

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

The guideline value plays a crucial role during the registration of property transactions in Vellalore. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is registered at a fair value.

When buying or selling property, the guideline value is referenced to ascertain the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, which protects the interests of the state in property transactions.

Frequently asked questions

What is the current guideline value of Arumuganayakar street?

The current guideline value of Arumuganayakar street is Rs 220 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 65 per sq.ft to Rs 220 per sq.ft in 2024, marking an overall increase of 238%.

What is the registration office for Arumuganayakar street?

The registration office for Arumuganayakar street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Coimbatore.

What are the stamp duty and registration fees for property in Arumuganayakar street?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Where can I find more information about guideline values in Vellalore?

For more information about guideline values in Vellalore, you can refer to the Registration Department's guideline value register (TNReginet).