Guideline Value for Arunachalagounder Street

Arunachalagounder Street guideline value

The current guideline value of Arunachalagounder Street in Lakkampatti village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Gobichettipalayam Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Arunachalagounder Street has changed

The guideline value for Arunachalagounder Street has seen several revisions over the years. In 2002, the value was Rs 72 per sq.ft, which increased to Rs 81 per sq.ft in 2003, marking a 13% rise. The value then rose by 31% to Rs 106 per sq.ft in 2007. Following this, there was a significant increase of 183%, bringing the value to Rs 300 per sq.ft in 2012. However, the value dropped by 33% to Rs 201 per sq.ft in 2017. The subsequent revision in 2023 maintained the value at Rs 300 per sq.ft, and the same value has been retained in the 2024 revision, showing no change from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 317%. There are no figures available for years other than those specified, indicating that the register has no figure for this street in those years.

Guideline values in Lakkampatti

In Lakkampatti, there are 128 streets under the Gobichettipalayam Joint I SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft, with a median value of Rs 275 per sq.ft. Arunachalagounder Street's 2024 figure of Rs 300 per sq.ft is above this median.

• Arunachalam Nagar(134,2,6,8): Rs 250 per sq.ft (2024)
• Ashok Nagar: Rs 300 per sq.ft (2024)
• Arulappar Street: Rs 250 per sq.ft (2024)
• Aries Muthu Nagar: Rs 250 per sq.ft (2024)
• Aviayar Street (84): Rs 250 per sq.ft (2024)
• Anna Street (253/3): Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalagounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalagounder Street?

The Sub Registrar Office that covers Arunachalagounder Street is the Gobichettipalayam Joint I Sub Registrar Office, located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Lakkampatti. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value to understand the financial implications. This ensures that all parties are informed about the costs associated with the registration process, leading to a smoother transaction.

Frequently asked questions

What is the current guideline value of Arunachalagounder Street?

The current guideline value of Arunachalagounder Street is Rs 300 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 revision maintaining the value at Rs 300 per sq.ft since 2023. From 2002 to 2024, the overall increase is 317%.

What is the classification of Arunachalagounder Street?

Arunachalagounder Street is classified as Residential Class I Type - I under the Gobichettipalayam Joint I SRO.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Arunachalagounder Street is located at Integrated Registration Office, No.81, Old Hospital Street, Near Market, Gobichettipalayam-638452, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at Rs 300 per sq.ft, the total charges would be Rs 27,000.