Guideline Value for Arunachalam Street Main

Arunachalam Street Main guideline value

The current guideline value of Arunachalam Street Main is Rs 3,450 per sq.ft, effective from 1 July 2024. This street is located in Ward-7 village and falls under the Coimbatore North Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Arunachalam Street Main has changed

The guideline value for Arunachalam Street Main has seen several revisions over the years. In 2007, the guideline value was Rs 1,260 per sq.ft, which increased significantly to Rs 3,150 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2017, it decreased to Rs 2,110 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,150 per sq.ft in 2023, a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 3,450 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 174%.

Guideline values in Ward-7

In Ward-7, there are 128 streets under the Coimbatore North Joint 1 SRO, with the 2024 guideline values ranging from Rs 1,450 to Rs 7,300 per sq.ft. The median value for this area is Rs 2,900 per sq.ft, placing Arunachalam Street Main's 2024 figure above this median.

• Arunachalam Road lane: Rs 2,900 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 Street Main

For a 1,000 sq.ft plot at the current guideline value of Rs 3,450 per sq.ft, the total guideline value would be Rs 34,50,000. The stamp duty at 7% would amount to Rs 2,41,500, and the registration fee at 2% would be Rs 69,000, leading to a total of Rs 3,10,500. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Arunachalam Street Main?

The Sub Registrar Office that covers Arunachalam Street Main is the Coimbatore North Joint 1 Sub Registrar Office, located at District Registrar Office, Syryan Church Road, Corporation Marriage Centre, Coimbatore -641001. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ward-7. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware of the current guideline value to ensure compliance with local regulations and avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Arunachalam Street Main?

The current guideline value of Arunachalam Street Main is Rs 3,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,260 per sq.ft in 2007 to Rs 3,450 per sq.ft in 2024, reflecting an overall increase of 174% over the years.

What is the median guideline value in Ward-7?

The median guideline value in Ward-7 is Rs 2,900 per sq.ft, with Arunachalam Street Main's 2024 value being above this median.

What are the stamp duty and registration fees for a property in Arunachalam Street Main?

For a property valued at Rs 34,50,000, the stamp duty would be Rs 2,41,500, and the registration fee would be Rs 69,000, totaling Rs 3,10,500.

Which office handles registrations for Arunachalam Street Main?

The Coimbatore North Joint 1 Sub Registrar Office handles registrations for Arunachalam Street Main, located at District Registrar Office, Syryan Church Road, Coimbatore -641001.