Guideline Value for Arun Nagar (VOC Nagar)

Arun Nagar (VOC Nagar) guideline value

The current guideline value of Arun Nagar (VOC Nagar) is Rs 1,005 per sq.ft, effective from 1 July 2024. This area is located in Kavundampalayam village, under the Vadavalli SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Arun Nagar (VOC Nagar) has changed

The guideline value for Arun Nagar (VOC Nagar) has undergone several revisions over the years. The earliest recorded figure in the register is from 2012, when the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. In 2023, the value rose back to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,005 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The change from 2023 to 2024 shows a modest increase of 1%. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO, with guideline values ranging from Rs 1,000 to Rs 4,405 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,000 per sq.ft, making the current value of Arun Nagar (VOC Nagar) above that median.

• Arun Nagar Extension: Rs 1,005 per sq.ft (2024)
• Arun Nagar: Rs 1,325 per sq.ft (2024)
• Arvindha Nagar: Rs 1,015 per sq.ft (2024)
• Arunachala Avenue: Rs 1,325 per sq.ft (2024)
• Ashok Nagar: Rs 1,325 per sq.ft (2024)
• Ashok Nagar Keel Pagudhi: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Arun Nagar (VOC Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total to Rs 90,450. 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 Arun Nagar (VOC Nagar)?

The Sub Registrar Office that covers Arun Nagar (VOC Nagar) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kavundampalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps to establish a standard for the transaction, providing transparency and consistency in the registration process. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Arun Nagar (VOC Nagar)?

The current guideline value of Arun Nagar (VOC Nagar) is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,005 per sq.ft in 2024.

What is the land classification of Arun Nagar (VOC Nagar)?

Arun Nagar (VOC Nagar) is classified as Residential Class IV Type - I, which indicates its suitability for residential development.

Where can I find the registration office for Arun Nagar (VOC Nagar)?

The registration office for Arun Nagar (VOC Nagar) is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for property in Arun Nagar (VOC Nagar)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 70,350.