Guideline Value for Arun Nagar (Sriram Thieater Backside)

Arun Nagar (Sriram Thieater Backside) guideline value

The current guideline value for Arun Nagar (Sriram Thieater Backside) is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Mettupalayam village under the Mettupalayam SRO, classified as Residential Class I Type - II.

How the guideline value of Arun Nagar (Sriram Thieater Backside) has changed

Over the years, the guideline value for Arun Nagar has seen several revisions. In 2007, the value was Rs 325 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. This marked a substantial rise of 208%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,000 per sq.ft in both 2023 and 2024, with no change from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 208%.

Guideline values in Mettupalayam

In Mettupalayam, there are 327 streets under the Mettupalayam SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 700 per sq.ft, placing Arun Nagar's 2024 figure above this median.

• Arun Nagar (S.F.248): 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 (Sriram Thieater Backside)

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 fees together to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arun Nagar (Sriram Thieater Backside)?

The Sub Registrar Office covering Arun Nagar 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 more information.

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

The guideline value serves as a benchmark for property transactions in Mettupalayam. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the government receives a fair amount based on the property's value.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. Understanding the current guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Arun Nagar?

The current guideline value of Arun Nagar (Sriram Thieater Backside) 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 in 2023 and 2024.

What are the stamp duty and registration fees for property in Arun Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Arun Nagar?

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

What is the land classification of Arun Nagar?

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