Guideline Value for Arumugham Street

Arumugham Street guideline value

The current guideline value of Arumugham Street is Rs 911 per sq.ft, effective from 1 July 2024. This street is located in Ward 3 village under the Pollachi SRO, classified as Residential Special Type - IV.

How the guideline value of Arumugham Street has changed

In the 2002 revision, the guideline value was Rs 414 per sq.ft, which increased to Rs 456 per sq.ft in 2003, marking a change of +10%. The value continued to rise, reaching Rs 745 per sq.ft in 2007, a +63% increase from the previous figure. In 2012, the value slightly decreased to Rs 910 per sq.ft, reflecting a -22% change. The 2017 revision saw a significant increase to Rs 610 per sq.ft, which was a +49% change from the 2012 figure. The guideline value remained at Rs 911 per sq.ft in the 2023 revision and has not changed in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by +120%. There are no figures available for the years not mentioned in this register for Arumugham Street.

Guideline values in Ward 3

In Ward 3, there are 46 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median guideline value is Rs 883 per sq.ft, placing Arumugham Street's 2024 figure above that median.

• Arokiyanathapillai Street: Rs 2,000 per sq.ft (2024)
• Antigounder Street (Karikal Cholan street): Rs 2,500 per sq.ft (2024)
• Anna Colony: Rs 350 per sq.ft (2024)
• Balamanikam Cheeti Street: Rs 911 per sq.ft (2024)
• Banglow Road: Rs 1,850 per sq.ft (2024)
• ABT Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Arumugham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 911 per sq.ft, the total guideline value would be Rs 9,11,000. The stamp duty at 7% would be Rs 63,770, and the registration fee at 2% would be Rs 18,220, making the total cost for these fees Rs 81,990. 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 Street?

The Sub Registrar Office that covers Arumugham Street is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 3

The guideline value is a crucial factor when registering a property in Ward 3, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arumugham Street?

The current guideline value of Arumugham Street is Rs 911 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 414 per sq.ft in 2002 to Rs 911 per sq.ft in 2024, reflecting an overall increase of +120% over this period.

What are the stamp duty and registration fees for properties in Arumugham Street?

For a property valued at Rs 9,11,000, the stamp duty would be Rs 63,770 and the registration fee would be Rs 18,220, totaling Rs 81,990.

Which office handles property registrations for Arumugham Street?

The Pollachi Sub Registrar Office handles property registrations for Arumugham Street, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the minimum registration value for a property, influencing the stamp duty and registration fees payable during a transaction.