Guideline Value for Arunthathiar colony

Arunthathiar colony guideline value

The current guideline value of Arunthathiar colony is Rs 701 per sq.ft, effective from 1 July 2024. This colony is located in Ward - O village under the Tiruppur Joint II SRO and is classified as Residential Class V Type - I.

How the guideline value of Arunthathiar colony has changed

The guideline value of Arunthathiar colony has undergone several revisions over the years. In 2007, the value was Rs 295 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, the value saw a decrease to Rs 268 per sq.ft in 2017. The 2023 revision set the value at Rs 700 per sq.ft, and the latest revision in 2024 has increased it slightly to Rs 701 per sq.ft.

Overall, from 2007 to 2024, the guideline value has increased by 138%. The changes between revisions are as follows: from 2012 to 2017, the value decreased by 33%; from 2017 to 2023, it increased by 161%; and from 2023 to 2024, there was no change in the value.

Guideline values in Ward - O

In Ward - O, there are 177 streets under the Tiruppur Joint II SRO that carry a 2024 guideline value ranging from Rs 701 to Rs 4,400 per sq.ft, with a median value of Rs 880 per sq.ft. Arunthathiar colony's 2024 figure is below this median.

• Annamar colony: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar 3rd Street: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar 4th Street: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar IInd Street: Rs 705 per sq.ft (2024)
• Bharathiyar Nagar Ist Street: Rs 705 per sq.ft (2024)
• Ammaniammal Layout main road: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathiar colony

For a 1,000 sq.ft plot at the current rate of Rs 701 per sq.ft, the guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, making a total of Rs 63,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arunthathiar colony?

The Arunthathiar colony falls under the Tiruppur Joint II Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is crucial when registering property transactions in Ward - O. It serves as the basis for calculating stamp duty and registration fees, ensuring that the property is valued appropriately for legal purposes.

When a property is bought or sold, the guideline value helps to determine the minimum value at which the property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Arunthathiar colony?

The current guideline value of Arunthathiar colony is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, marking an overall increase of 138% over the years.

What is the land classification of Arunthathiar colony?

Arunthathiar colony is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for Arunthathiar colony?

The Sub Registrar Office covering Arunthathiar colony is the Tiruppur Joint II SRO, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, Coimbatore registration zone.

How is the stamp duty calculated for properties in Arunthathiar colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,01,000, the stamp duty at 7% would be Rs 49,070.