Guideline Value for Arumugapannadi Lane

Arumugapannadi Lane guideline value

The current guideline value of Arumugapannadi Lane is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Irugur village under the Singanallur SRO and is classified as Residential Class II Type - II.

How the guideline value of Arumugapannadi Lane has changed

The guideline value for Arumugapannadi Lane has undergone several revisions in recent years. In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, which is equal to the current guideline value of Arumugapannadi Lane.

• Arumugam Avenue Extension phase-II: Rs 880 per sq.ft (2024)
• Arumugam Avenue Extension: Rs 880 per sq.ft (2024)
• Arumugam Avenue: Rs 550 per sq.ft (2024)
• Arumugagoundar street: Rs 275 per sq.ft (2024)
• Arunthathiar street: Rs 220 per sq.ft (2024)
• ArulMurugan Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugapannadi Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arumugapannadi Lane?

The Sub Registrar Office that covers Arumugapannadi Lane is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irugur. It serves as a benchmark for the calculation of stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two values is used to determine the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arumugapannadi Lane?

The current guideline value of Arumugapannadi Lane is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value for streets in Irugur?

The median guideline value for streets in Irugur is Rs 440 per sq.ft. This is the same as the current guideline value for Arumugapannadi Lane.

Where is the Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value and the sale price of the property. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800.