Guideline Value for Arunagirinathar Street (122)

Arunagirinathar Street (122) guideline value

The current guideline value of Arunagirinathar Street (122) is Rs 495 per sq.ft, effective from 1 July 2024. This street is located in Ottarpalayam village and falls under the Singanallur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Arunagirinathar Street (122) has changed

The guideline value for Arunagirinathar Street (122) has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 50 per sq.ft. This figure increased significantly to Rs 450 per sq.ft in 2012, marking an increase of 800%. However, in the 2017 revision, it decreased to Rs 301 per sq.ft, a reduction of 33%. The value then rose again to Rs 450 per sq.ft in 2023, a 50% increase compared to the previous revision.

In the most recent 2024 revision, the guideline value is set at Rs 495 per sq.ft, reflecting a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 890%. It is important to note that the register has no figures for Arunagirinathar Street for the years 2002 and 2003.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft. The median guideline value is Rs 495 per sq.ft, which is equal to the current guideline value of Arunagirinathar Street (122).

• Arunthathiyar Street: Rs 255 per sq.ft (2024)
• Arul Murugan Nagar (382): Rs 825 per sq.ft (2024)
• Avarankodi thoppu (77/3): Rs 385 per sq.ft (2024)
• Balagi nagar (19/1H): Rs 495 per sq.ft (2024)
• Angappan veethy: Rs 385 per sq.ft (2024)
• Andal Nagar: Rs 405 per sq.ft (2024)

Stamp duty and registration fee for property in Arunagirinathar Street (122)

For a 1,000 sq.ft plot at the current guideline value of Rs 495 per sq.ft, the total guideline value amounts to Rs 4,95,000. The stamp duty at 7% would be Rs 34,650, and the registration fee at 2% would be Rs 9,900, totaling Rs 44,550. 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 Arunagirinathar Street (122)?

The Sub Registrar Office that covers Arunagirinathar Street (122) is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ottarpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arunagirinathar Street (122)?

The current guideline value of Arunagirinathar Street (122) is Rs 495 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 50 per sq.ft in 2007 to Rs 495 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

What is the land classification for Arunagirinathar Street (122)?

The land classification for Arunagirinathar Street (122) is Mixed Type - I, which indicates the type of land use permitted in this area.

What are the other streets in Ottarpalayam with their guideline values?

Other streets in Ottarpalayam have varying guideline values, ranging from Rs 255 to Rs 1,500 per sq.ft. For example, Arunthathiyar Street has a guideline value of Rs 255 per sq.ft, while Arul Murugan Nagar (382) has a value of Rs 825 per sq.ft.

Where can I find the Sub Registrar Office for Arunagirinathar Street (122)?

The Sub Registrar Office for Arunagirinathar Street (122) is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find more information by visiting the relevant online resources.