Guideline Value for Arunthathiar street

Arunthathiar street guideline value

The current guideline value of Arunthathiar street in Irugur village, under the Singanallur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - III land classification.

How the guideline value of Arunthathiar street has changed

The guideline value for Arunthathiar street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 134 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irugur

In Irugur, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, indicating that Arunthathiar street's 2024 figure is below this median.

• Arumugapannadi Lane: Rs 440 per sq.ft (2024)
• Arumugam Avenue Extension phase-II: Rs 880 per sq.ft (2024)
• Arumugam Avenue Extension: Rs 880 per sq.ft (2024)
• Arumugam Avenue: Rs 550 per sq.ft (2024)
• Arumugagoundar street: Rs 275 per sq.ft (2024)
• ArulMurugan Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Arunthathiar street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total cost for these fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arunthathiar street?

The Sub Registrar Office that covers Arunthathiar street is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Irugur. It is used as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in assessing the stamp duty and registration fees applicable to the transaction.

During the registration process, the guideline value is compared with the sale price of the property. The higher amount between the two is used to calculate the applicable duties and fees, ensuring that the correct amount is collected by the authorities.

Frequently asked questions

What is the current guideline value of Arunthathiar street?

The current guideline value of Arunthathiar street is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, which is an overall increase of 64%.

What is the median guideline value for streets in Irugur?

The median guideline value for streets in Irugur is Rs 440 per sq.ft, which is above the current value of Arunthathiar street.

What are the stamp duty and registration fees for a property in Arunthathiar street?

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles the registration for Arunthathiar street?

The Singanallur Sub Registrar Office handles the registration for Arunthathiar street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.