Guideline Value for Arupadai Nagar

Arupadai Nagar guideline value

The current guideline value of Arupadai Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vellalore village under the Singanallur SRO and is classified as Residential Class II Type - III.

How the guideline value of Arupadai Nagar has changed

The guideline value for Arupadai Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 220 per sq.ft, an increase from Rs 200 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 134 per sq.ft, which means there was a significant increase of +49% to the 2023 figure. The 2012 revision had a guideline value of Rs 200 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, there has been a net increase of +10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the revisions we can refer to are from 2012 onwards, with the 2024 figure being the highest recorded for Arupadai Nagar.

Guideline values in Vellalore

In Vellalore, there are 307 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 210 to Rs 3,850 per sq.ft. The median value for these streets is Rs 330 per sq.ft, indicating that the guideline value for Arupadai Nagar is below this median.

• Aruthra Nagar: Rs 330 per sq.ft (2024)
• Aruthra Nagar Phase 1: Rs 330 per sq.ft (2024)
• Ashok Metha Street: Rs 330 per sq.ft (2024)
• Arumuganayakar street: Rs 220 per sq.ft (2024)
• Asokar street: Rs 770 per sq.ft (2024)
• Athithi Garden: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Arupadai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total fees together Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arupadai Nagar?

The Sub Registrar Office that covers Arupadai Nagar 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 Vellalore

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Arupadai Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of +10% from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024. The value increased by +49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the other streets in Vellalore and their guideline values?

Other streets in Vellalore include Aruthra Nagar and Ashok Metha Street, both valued at Rs 330 per sq.ft in 2024. Arumuganayakar street shares the same value as Arupadai Nagar at Rs 220 per sq.ft.

What are the stamp duty and registration fees for property in Arupadai Nagar?

The stamp duty for a property in Arupadai Nagar is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 19,800.

Where is the Sub Registrar Office for Arupadai Nagar located?

The Sub Registrar Office covering Arupadai Nagar is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111. This office is part of the Coimbatore registration zone.