Guideline Value for Arun Nagar (S.F.248)

Arun Nagar (S.F.248) guideline value

The current guideline value of Arun Nagar (S.F.248) is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Mettupalayam village, under the Mettupalayam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Arun Nagar (S.F.248) has changed

The guideline value for Arun Nagar has undergone several revisions over the years. In the 2007 revision, the value was Rs 325 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 208%. However, the value then decreased to Rs 670 per sq.ft in the 2017 revision, a drop of 33%. The most recent revisions in 2023 and 2024 have maintained the value at Rs 1,000 per sq.ft, resulting in no change from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, there has been an increase of 208%. The changes reflect the fluctuations in property values over the years, with significant increases and decreases noted in the revisions.

Guideline values in Mettupalayam

Mettupalayam village has a total of 327 streets under the Mettupalayam SRO, with guideline values for 2024 ranging from Rs 300 to Rs 2,000 per sq.ft. Arun Nagar's 2024 guideline value of Rs 1,000 per sq.ft is above the median value of Rs 700 per sq.ft for the area.

• Arun Nagar (Sriram Thieater Backside): Rs 1,000 per sq.ft (2024)
• Arumuga lane: Rs 700 per sq.ft (2024)
• Aringnar Anna Street: Rs 700 per sq.ft (2024)
• Appa Street: Rs 350 per sq.ft (2024)
• Appa Kadu: Rs 350 per sq.ft (2024)
• Annur Road: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Nagar (S.F.248)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arun Nagar (S.F.248)?

The Sub Registrar Office covering Arun Nagar (S.F.248) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Mettupalayam. It is used to calculate the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure they comply with the legal requirements during the transaction process.

When registering a property, the guideline value serves as a benchmark for determining the fees involved. This ensures that the transaction is conducted transparently and that all parties are aware of the financial obligations associated with the sale or purchase of the property.

Frequently asked questions

What is the current guideline value of Arun Nagar (S.F.248)?

The current guideline value of Arun Nagar (S.F.248) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft for the revisions in 2023 and 2024.

What is the land classification of Arun Nagar?

Arun Nagar is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Mettupalayam Sub Registrar Office?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How is stamp duty calculated for properties in Arun Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,000 per sq.ft would incur a total stamp duty and registration fee of Rs 90,000.