Guideline Value for Arvindha Nagar

Arvindha Nagar guideline value

The current guideline value of Arvindha Nagar is Rs 1,015 per sq.ft, effective from 1 July 2024. This locality is situated in Kavundampalayam village and falls under the Vadavalli SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Arvindha Nagar has changed

The guideline value for Arvindha Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, set at Rs 700 per sq.ft. This value then decreased to Rs 469 per sq.ft in 2017. Following that, there was a significant increase to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 1,015 per sq.ft. The register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, it saw a remarkable increase of 113% from 2017 to 2023. Overall, the guideline value has increased by 45% from 2012 to 2024, reflecting the latest figure of Rs 1,015 per sq.ft.

Guideline values in Kavundampalayam

In Kavundampalayam, there are 565 streets under the Vadavalli SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 4,405 per sq.ft. The median value is Rs 1,000 per sq.ft, placing Arvindha Nagar's 2024 figure above this median.

• Arun Nagar (VOC Nagar): Rs 1,005 per sq.ft (2024)
• Arun Nagar Extension: Rs 1,005 per sq.ft (2024)
• Arun Nagar: Rs 1,325 per sq.ft (2024)
• Arunachala Avenue: Rs 1,325 per sq.ft (2024)
• Ashok Nagar: Rs 1,325 per sq.ft (2024)
• Ashok Nagar Keel Pagudhi: Rs 1,020 per sq.ft (2024)

Stamp duty and registration fee for property in Arvindha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,015 per sq.ft, the total guideline value amounts to Rs 10,15,000. The stamp duty at 7% would be Rs 71,050, and the registration fee at 2% would be Rs 20,300, leading to a total of Rs 91,350. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arvindha Nagar?

The Sub Registrar Office that covers Arvindha Nagar is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kavundampalayam, as it determines the minimum value at which a property can be registered. Buyers should be aware that the guideline value may influence the overall transaction costs, including stamp duty and registration fees.

When a property is sold, the guideline value serves as a reference point for taxation purposes. It ensures that the government receives the appropriate revenue from property transactions, based on the established values in the area.

Frequently asked questions

What is the current guideline value of Arvindha Nagar?

The current guideline value of Arvindha Nagar is Rs 1,015 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,015 per sq.ft in 2024.

What are the guideline values for other streets in Kavundampalayam?

Other streets in Kavundampalayam have varying guideline values, with some streets like Arun Nagar and Ashok Nagar having values of Rs 1,325 per sq.ft in 2024, while Arun Nagar (VOC Nagar) and Arun Nagar Extension are at Rs 1,005 per sq.ft.

What fees are associated with buying property in Arvindha Nagar?

When purchasing property in Arvindha Nagar, buyers should account for stamp duty at 7% and a registration fee at 2% of the guideline value. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 91,350.

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

The Sub Registrar Office for Arvindha Nagar is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find more details by visiting the provided link.