Guideline Value for Arun Nagar Extension

Arun Nagar Extension guideline value

The current guideline value of Arun Nagar Extension, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,005 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Arun Nagar Extension has changed

Over the years, the guideline value for Arun Nagar Extension has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 1,000 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the guideline value slightly to Rs 1,005 per sq.ft, marking a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Kavundampalayam

Kavundampalayam village has a total of 565 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Arun Nagar Extension's 2024 value above that median.

• Arun Nagar: Rs 1,325 per sq.ft (2024)
• Arun Nagar (VOC Nagar): Rs 1,005 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 Extension

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 duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arun Nagar Extension?

The Arun Nagar Extension falls under the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kavundampalayam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value serves as a benchmark for the minimum value at which properties can be registered.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established values in the region.

Frequently asked questions

What is the current guideline value of Arun Nagar Extension?

The current guideline value of Arun Nagar Extension 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 several times, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,005 per sq.ft in 2024. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification of Arun Nagar Extension?

Arun Nagar Extension is classified as Residential Class IV Type - I, which indicates its use for residential purposes.

Where can I find the Sub Registrar Office for Arun Nagar Extension?

The Sub Registrar Office for Arun Nagar Extension is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Arun Nagar Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,05,000, the stamp duty would be Rs 70,350 at a rate of 7%.