Guideline Value for Arunachala Mudhaliyar Street (Ward 14)

Arunachala Mudhaliyar Street (Ward 14) guideline value

The current guideline value of Arunachala Mudhaliyar Street (Ward 14) is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Karamadai village, under the Mettupalayam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Arunachala Mudhaliyar Street (Ward 14) has changed

The guideline value for Arunachala Mudhaliyar Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased by 49% to Rs 800 per sq.ft, and it has remained the same in the 2024 revision, showing no change from the previous year.

Prior to the 2012 revision, the 2017 guideline value was Rs 536 per sq.ft. The revisions for the years 2002, 2003, and 2007 have no figures available for this street. Overall, from 2012 to 2024, the guideline value has seen no change.

Guideline values in Karamadai

Karamadai village has a total of 180 streets under the Mettupalayam SRO, with guideline values ranging from Rs 340 to Rs 1,680 per sq.ft as of 2024. The median guideline value for these streets is Rs 800 per sq.ft, which is equal to the current guideline value of Arunachala Mudhaliyar Street.

• Attianna gowder lane (Ward 10): Rs 800 per sq.ft (2024)
• Aravindar Colony: Rs 660 per sq.ft (2024)
• Ayar Pady (Ward 25): Rs 550 per sq.ft (2024)
• Anna Street: Rs 440 per sq.ft (2024)
• Anna Nagar (Ward 19): Rs 800 per sq.ft (2024)
• Anna Nagar (Ward 14): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachala Mudhaliyar Street (Ward 14)

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Arunachala Mudhaliyar Street (Ward 14)?

The Sub Registrar Office that covers Arunachala Mudhaliyar Street (Ward 14) is the Mettupalayam Sub Registrar Office, located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Karamadai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Arunachala Mudhaliyar Street?

The current guideline value of Arunachala Mudhaliyar Street (Ward 14) is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to 2023.

What is the land classification for Arunachala Mudhaliyar Street?

Arunachala Mudhaliyar Street is classified as Residential Class II Type - I.

Where can I find the Mettupalayam Sub Registrar Office?

The Mettupalayam Sub Registrar Office is located at 271-Coimbatore Main Road, Near Mettupapalayam Bus Stand, Mettupalayam-641301, Coimbatore registration zone.

How is the stamp duty calculated for properties in Karamadai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 8,00,000 would incur a stamp duty of Rs 56,000 at 7%.