Guideline Value for Arumugham Layout

Arumugham Layout guideline value

The current guideline value of Arumugham Layout is Rs 1,430 per sq.ft, effective from 1 July 2024. This area falls under Ward 10 village, Peelamedu SRO, and is classified as Residential Class II Type - III.

How the guideline value of Arumugham Layout has changed

The guideline value for Arumugham Layout has undergone several revisions over the years. The earliest recorded value in the register is from 2007, where the guideline value was Rs 400 per sq.ft. This value increased significantly to Rs 1,300 per sq.ft in 2012, marking a 225% rise. However, in 2017, the value was revised down to Rs 871 per sq.ft, which represented a decrease of 33%. The guideline value then saw a substantial increase to Rs 1,300 per sq.ft in 2023, followed by another increase to Rs 1,430 per sq.ft in 2024, reflecting a 10% change.

Overall, from 2007 to 2024, the guideline value has increased by 258%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

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. The median guideline value in this area is Rs 2,200 per sq.ft, placing Arumugham Layout's 2024 figure below that median.

• Arumugha Theviar Lane: 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 Arumugham Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% is Rs 1,00,100, and the registration fee at 2% is Rs 28,600, bringing the total cost together 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 further calculations.

Which Sub Registrar Office covers Arumugham Layout?

The Sub Registrar Office that covers Arumugham Layout 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 plays a crucial role during property registration in Ward 10. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with the legal requirements during the transaction process.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Arumugham Layout?

The current guideline value of Arumugham Layout 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, marking an overall increase of 258% over the years.

What is the land classification of Arumugham Layout?

Arumugham Layout is classified as Residential Class II Type - III.

Where can I find more information about the registration office?

The Peelamedu Sub Registrar Office, which covers Arumugham Layout, is located at 6/1, Grd Road, Redfields, Coimbatore - 18. More information can be found here.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 14,30,000, the stamp duty at 7% would be Rs 1,00,100.