Guideline Value for Arupudha Mudhaiyar Street

Arupudha Mudhaiyar Street guideline value

The current guideline value of Arupudha Mudhaiyar Street is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Kannampalayam village, under the Sulur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Arupudha Mudhaiyar Street has changed

The guideline value for Arupudha Mudhaiyar Street has seen several revisions over the years. In 2007, the value was Rs 120 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The value rose again to Rs 400 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 448 per sq.ft. There are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is 12%. The overall change from 2007 to 2024 is a substantial increase of 273%.

Guideline values in Kannampalayam

Kannampalayam village has a total of 114 streets under the Sulur SRO that have a 2024 guideline value ranging from Rs 224 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 336 per sq.ft, placing Arupudha Mudhaiyar Street's 2024 figure above that median.

• Arunachal Boyar Street: Rs 448 per sq.ft (2024)
• A.Subaramaniayam Nagar: Rs 224 per sq.ft (2024)
• Aruljothi Nagar: Rs 448 per sq.ft (2024)
• Avadisetty thottam south side: Rs 224 per sq.ft (2024)
• Appachi Gounder Street: Rs 224 per sq.ft (2024)
• Bakkiamalli Thottam Road: Rs 224 per sq.ft (2024)

Stamp duty and registration fee for property in Arupudha Mudhaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total cost for these fees to Rs 40,320. 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 Arupudha Mudhaiyar Street?

The Sub Registrar Office that covers Arupudha Mudhaiyar Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kannampalayam. 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 guideline value is used to calculate the applicable fees, ensuring that the government receives the correct revenue based on the property's assessed value. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Arupudha Mudhaiyar Street?

The current guideline value of Arupudha Mudhaiyar Street is Rs 448 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase of 273% from Rs 120 per sq.ft in 2007 to Rs 448 per sq.ft in 2024.

What is the stamp duty for a property on Arupudha Mudhaiyar Street?

The stamp duty for a property on Arupudha Mudhaiyar Street is calculated at 7% of the guideline value, which would be Rs 31,360 for a 1,000 sq.ft plot at the current rate.

Where can I find the Sub Registrar Office for Arupudha Mudhaiyar Street?

The Sub Registrar Office for Arupudha Mudhaiyar Street is the Sulur Sub Registrar Office, located at Old.no.113, 114 New No.423 Tiruchy Road, Sulur - 641402, Coimbatore registration zone.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 336 per sq.ft for the 2024 revision, with Arupudha Mudhaiyar Street's value being above this median.