Guideline Value for Arunachalam Nagar

Arunachalam Nagar guideline value

The current guideline value of Arunachalam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arunachalam Nagar has changed

The guideline value for Arunachalam Nagar has seen several revisions over the years. In 2003, the value was Rs 78 per sq.ft, which increased to Rs 125 per sq.ft in 2007. Following this, the value surged dramatically to Rs 1,000 per sq.ft in 2012, but then decreased to Rs 670 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased significantly from Rs 78 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1310%. It is important to note that there are no figures available for the year 2002 for this street in the register.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 2,200 per sq.ft, with the median being Rs 1,100 per sq.ft. Arunachalam Nagar's current guideline value is equal to this median.

• Arunachalam Layout: Rs 1,100 per sq.ft (2024)
• Arun Nagar: Rs 1,100 per sq.ft (2024)
• Arun Nagar Extension: 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)
• Arijana Colony: Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam 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, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunachalam Nagar?

The Sub Registrar Office that covers Arunachalam Nagar is 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 plays a crucial role in the property registration process in Vadavalli. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable taxes. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arunachalam Nagar?

The current guideline value of Arunachalam 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 78 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the land classification of Arunachalam Nagar?

Arunachalam Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What is the stamp duty rate in Arunachalam Nagar?

The stamp duty rate for property transactions in Arunachalam Nagar is 7%, which is applied to the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Arunachalam Nagar located?

The Sub Registrar Office for Arunachalam Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.