Guideline Value for Arunachalam Road lane

Arunachalam Road lane guideline value

The current guideline value of Arunachalam Road lane is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village under the Coimbatore North Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Arunachalam Road lane has changed

The guideline value for Arunachalam Road lane has seen several revisions over the years. In 2007, the value was Rs 920 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decline to Rs 1,675 per sq.ft in 2017. The value then rose sharply to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,900 per sq.ft, marking a 16% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a remarkable 172%. Overall, from 2007 to 2024, the guideline value has increased by 215%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward-7

In Ward-7, the guideline values range from Rs 1,450 to Rs 7,300 per sq.ft, with a median value of Rs 2,900 per sq.ft. Arunachalam Road lane's 2024 figure matches this median.

• Arunachalam Street Main: Rs 3,450 per sq.ft (2024)
• Avinashi Road Lane: Rs 5,600 per sq.ft (2024)
• Avinashi Road Main: Rs 5,600 per sq.ft (2024)
• Balijavar Lane Lane: Rs 1,450 per sq.ft (2024)
• Balijavar Lane Main: Rs 1,450 per sq.ft (2024)
• A.K.S Nagar: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Arunachalam Road lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total fees to Rs 2,61,000. 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 details.

Which Sub Registrar Office covers Arunachalam Road lane?

The Sub Registrar Office that covers Arunachalam Road lane is the Coimbatore North Joint 1 Sub Registrar Office. The address is District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ward-7

The guideline value plays a crucial role during property registration in Ward-7. It is the benchmark used to calculate stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

When buying or selling property, the guideline value helps in establishing a standard price for transactions. This ensures transparency and helps both buyers and sellers understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Arunachalam Road lane?

The current guideline value of Arunachalam Road lane is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 920 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, reflecting an overall increase of 215% over the years.

What are the stamp duty and registration fees for properties in Arunachalam Road lane?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees amount to Rs 2,61,000.

Which office handles property registrations for Arunachalam Road lane?

The Coimbatore North Joint 1 Sub Registrar Office handles property registrations for Arunachalam Road lane, located at Syryan Church Road, Coimbatore.

What is the land classification for Arunachalam Road lane?

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