Guideline Value for Arun Nagar

Arun Nagar guideline value

The current guideline value for Arun Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. Arun Nagar is located in Vadavalli village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Arun Nagar has changed

Over the years, the guideline value of Arun Nagar has seen several revisions. The earliest recorded figure is from 2003, which was Rs 116 per sq.ft. This increased to Rs 200 per sq.ft in 2007, marking a significant rise of 72%. In 2012, the value was Rs 1,000 per sq.ft, reflecting a remarkable increase of 400% from the previous revision. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 1,000 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 1,100 per sq.ft in 2024.

In summary, the guideline value has changed from Rs 116 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 848% over this period. The register has no figure for the year 2002 for this street.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which matches the guideline value for Arun Nagar.

• Arun Nagar Extension: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Arunachalam Layout: Rs 1,100 per sq.ft (2024)
• Arul Gardens: Rs 1,100 per sq.ft (2024)
• Aringar Anna Co-op Nagar: Rs 1,000 per sq.ft (2024)
• Avanthi Garden: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000. Together, the total charges would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arun Nagar?

Arun Nagar is covered by 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 Vadavalli

The guideline value is a crucial factor in property transactions in Vadavalli. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

During the registration process, the authorities will assess the property based on the guideline value, ensuring that all transactions are conducted transparently and fairly. This helps maintain a standard across the real estate market in Vadavalli.

Frequently asked questions

What is the current guideline value of Arun Nagar?

The current guideline value of Arun Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 116 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 848% over this period.

What is the registration office for Arun Nagar?

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

How is stamp duty calculated for properties in Arun Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a total guideline value of Rs 11,00,000.

What are the other streets in Vadavalli with similar guideline values?

Other streets in Vadavalli with a guideline value of Rs 1,100 per sq.ft include Arun Nagar Extension, Arunachalam Nagar, Arunachalam Layout, Arul Gardens, and Avanthi Garden.