Guideline Value for Arunthathiyar Street

Arunthathiyar Street guideline value

The current guideline value of Arunthathiyar Street is Rs 255 per sq.ft, effective from 1 July 2024. This street is located in Ottarpalayam village under the Singanallur SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Arunthathiyar Street has changed

The guideline value for Arunthathiyar Street has seen several revisions over the years. In 2012, the guideline value was Rs 230 per sq.ft, which decreased to Rs 154 per sq.ft in 2017. However, the value increased significantly to Rs 230 per sq.ft in 2023, followed by a further increase to Rs 255 per sq.ft in 2024, marking an 11% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for Arunthathiyar Street for the years 2002, 2003, and 2007.

Guideline values in Ottarpalayam

In Ottarpalayam, there are 92 streets under the Singanallur SRO with a 2024 guideline value ranging from Rs 255 to Rs 1,500 per sq.ft. The median guideline value in this village is Rs 495 per sq.ft, placing Arunthathiyar Street's 2024 figure below that median.

• Arunagirinathar Street: Rs 495 per sq.ft (2024)
• Arul Murugan Nagar: Rs 825 per sq.ft (2024)
• Avarankodi thoppu: Rs 385 per sq.ft (2024)
• Balagi nagar: 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 Arunthathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 255 per sq.ft, the total guideline value amounts to Rs 2,55,000. The stamp duty at 7% would be Rs 17,850, and the registration fee at 2% would be Rs 5,100, bringing the total fees to Rs 22,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arunthathiyar Street?

The Sub Registrar Office that covers Arunthathiyar Street 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Ottarpalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Arunthathiyar Street?

The current guideline value of Arunthathiyar Street is Rs 255 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2012 to Rs 154 per sq.ft in 2017, then back to Rs 230 per sq.ft in 2023, and finally to Rs 255 per sq.ft in 2024.

What is the land classification for Arunthathiyar Street?

Arunthathiyar Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Arunthathiyar Street?

The Singanallur Sub Registrar Office covers Arunthathiyar Street, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 255 per sq.ft incurs a total fee of Rs 22,950.