Guideline Value for Aruthra Nagar Phase 1

Aruthra Nagar Phase 1 guideline value

The current guideline value of Aruthra Nagar Phase 1 is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Vellalore village and falls under the Singanallur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Aruthra Nagar Phase 1 has changed

The guideline value for Aruthra Nagar Phase 1 has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased to Rs 300 per sq.ft in the 2023 revision, and finally, it rose to Rs 330 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 regarding this street.

Between the revisions, notable changes include a decrease of 33% from 2012 to 2017, followed by a significant increase of 49% from 2017 to 2023. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%.

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, which is equal to the guideline value of Aruthra Nagar Phase 1.

• Aruthra Nagar: Rs 330 per sq.ft (2024)
• Arupadai Nagar: Rs 220 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 Aruthra Nagar Phase 1

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, which totals Rs 23,100, while the registration fee is 2%, amounting to Rs 6,600. Together, the total fees would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aruthra Nagar Phase 1?

The Sub Registrar Office that covers Aruthra Nagar Phase 1 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 Vellalore

The guideline value is a crucial factor in the registration process when buying or selling property in Vellalore. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Aruthra Nagar Phase 1?

The current guideline value of Aruthra Nagar Phase 1 is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Aruthra Nagar Phase 1?

The land classification for Aruthra Nagar Phase 1 is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Aruthra Nagar Phase 1?

The Sub Registrar Office for Aruthra Nagar Phase 1 is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is the stamp duty calculated for property in Aruthra Nagar Phase 1?

Stamp duty for property in Aruthra Nagar Phase 1 is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 29,700.