Guideline Value for Arumugha Theviar Lane

Arumugha Theviar Lane guideline value

The current guideline value of Arumugha Theviar Lane is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village, under the Peelamedu SRO, and is classified as Residential Class II Type - III.

How the guideline value of Arumugha Theviar Lane has changed

The guideline value for Arumugha Theviar Lane has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 225%. However, it then decreased to Rs 871 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value rose to Rs 1,300 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 258%.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Arumugha Theviar Lane is below this median.

• Arumugham Layout: Rs 1,430 per sq.ft (2024)
• Arunachalam Colony: Rs 1,430 per sq.ft (2024)
• Arunthadhiyar Street: Rs 1,320 per sq.ft (2024)
• Aryan Soap Colony: Rs 2,200 per sq.ft (2024)
• Ashokar Street: Rs 2,200 per sq.ft (2024)
• Avarampalayam Road: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugha Theviar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arumugha Theviar Lane?

The Sub Registrar Office covering Arumugha Theviar Lane is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor in the registration of property transactions in Ward 10. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for ensuring transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Arumugha Theviar Lane?

The current guideline value of Arumugha Theviar Lane is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, reflecting an overall increase of 258% over the years.

What is the stamp duty rate for properties in Arumugha Theviar Lane?

The stamp duty rate for properties in Arumugha Theviar Lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arumugha Theviar Lane?

The Sub Registrar Office for Arumugha Theviar Lane is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the land classification for Arumugha Theviar Lane?

Arumugha Theviar Lane is classified as Residential Class II Type - III under the guideline value register.