Guideline Value for Aruna Nagar

Aruna Nagar guideline value

The current guideline value of Aruna Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Sanganur, under the Gandhipuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Aruna Nagar has changed

The guideline value of Aruna Nagar has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 536 per sq.ft in 2017, reflecting a decline of 33%. From 2017, the value surged to Rs 1,000 per sq.ft in 2023, an increase of 87%, and has now reached Rs 1,100 per sq.ft in the 2024 revision, a 10% rise.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Sanganur.

In Sanganur, there are 394 streets under the Gandhipuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,080 per sq.ft, where the median value is Rs 1,120 per sq.ft. The guideline value for Aruna Nagar is below this median.

• Arumugam Street: Rs 1,100 per sq.ft (2024)
• Arul Nagar (or) Nehruji Nagar: Rs 1,100 per sq.ft (2024)
• Arokiasamy Street: Rs 1,120 per sq.ft (2024)
• ARGA Layout: Rs 1,900 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Ayyavu Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aruna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Aruna Nagar?

The Sub Registrar Office that covers Aruna Nagar is the Gandhipuram Sub Registrar Office, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sanganur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aruna Nagar?

The current guideline value of Aruna 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 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a 450% increase overall.

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

Other streets in Sanganur with the same guideline value of Rs 1,100 per sq.ft include Arumugam Street, Arul Nagar (or) Nehruji Nagar, Anna Street, and Ayyavu Street.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Aruna Nagar?

The Gandhipuram Sub Registrar Office handles registrations for Aruna Nagar, located at Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.