Guideline Value for Aruthra Nagar

Aruthra Nagar guideline value

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

How the guideline value of Aruthra Nagar has changed

Over the years, the guideline value for Aruthra Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 127 per sq.ft. This increased to Rs 300 per sq.ft in 2012, but then decreased to Rs 201 per sq.ft in 2017. The 2023 revision set the value at Rs 300 per sq.ft, and the latest revision in 2024 has raised it to Rs 330 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the guideline value increased by 136% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 shows a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 160%.

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 among these streets is Rs 330 per sq.ft, placing Aruthra Nagar's 2024 guideline value at this median level.

• Aruthra Nagar Phase 1: 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

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, charged at 7%, would be Rs 23,100, and the registration fee at 2% would be Rs 6,600. Therefore, the total cost for stamp duty and registration fees would amount to Rs 29,700. It is important to note that 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 Aruthra Nagar?

The Sub Registrar Office that covers Aruthra 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 when registering property in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer. Buyers and sellers must be aware that the guideline value can influence the overall transaction costs.

When a property is sold, the guideline value helps ensure that the transaction is documented accurately and fairly. It is essential for both parties to understand the implications of the guideline value on their financial obligations during the sale process.

Frequently asked questions

What is the current guideline value of Aruthra Nagar?

The current guideline value of Aruthra Nagar 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 127 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, with various increases and one decrease along the way.

What is the land classification for Aruthra Nagar?

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

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

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

How is stamp duty calculated for property in Aruthra Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty at 7% would be Rs 23,100.