Guideline Value for Arun Nagar

Arun Nagar guideline value

The current guideline value of Arun Nagar, located in Kavundampalayam village under the Vadavalli SRO, is Rs 1,325 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Arun Nagar has changed

Over the years, the guideline value of Arun Nagar has seen significant changes. In 2007, the guideline value was Rs 300 per sq.ft, which increased by 300% to Rs 1,200 per sq.ft in 2012. However, it then decreased by 33% to Rs 804 per sq.ft in 2017. Following this, the value surged by 49% to Rs 1,200 per sq.ft in 2023, and then increased by 10% to the current value of Rs 1,325 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, there has been a remarkable increase of 342% in the guideline value. This upward trend reflects the changes in the real estate landscape of the area, with the most recent increase marking a notable shift from the previous year.

Guideline values in Kavundampalayam

Kavundampalayam village features 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 per the 2024 revision. The median guideline value for the village is Rs 1,000 per sq.ft, placing Arun Nagar's current value above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,325 per sq.ft, the total guideline value would be Rs 13,25,000. The stamp duty at 7% would amount to Rs 92,750, and the registration fee at 2% would be Rs 26,500, bringing the total fees together to Rs 1,19,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arun Nagar?

Arun Nagar falls under 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 plays a crucial role during the registration process when buying or selling property in Kavundampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arun Nagar?

The current guideline value of Arun Nagar is Rs 1,325 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 300 per sq.ft in 2007 to Rs 1,325 per sq.ft in 2024, reflecting an overall increase of 342% from the 2007 value.

What are the other streets in Kavundampalayam with their guideline values?

Other streets in Kavundampalayam include Arun Nagar Extension and Arun Nagar (VOC Nagar) at Rs 1,005 per sq.ft, Arunachala Avenue and Ashok Nagar at Rs 1,325 per sq.ft, Arvindha Nagar at Rs 1,015 per sq.ft, and Ashok Nagar Keel Pagudhi at Rs 1,020 per sq.ft.

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

Stamp duty for properties in Arun Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,25,000, the stamp duty at 7% amounts to Rs 92,750.

Where is the Sub Registrar Office for Arun Nagar located?

The Sub Registrar Office covering Arun Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, under the Vadavalli registration zone.