Guideline Value for AALAGIRISAMI LANE

Aalagirisami Lane guideline value

The current guideline value of Aalagirisami Lane in Vedapatti village, under the Thondamuthur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Aalagirisami Lane has changed

The guideline value for Aalagirisami Lane has seen several revisions over the years. In 2003, the value was Rs 21 per sq.ft, which increased significantly to Rs 75 per sq.ft in 2007. The 2012 revision saw a slight increase to Rs 200 per sq.ft, but this was followed by a decrease to Rs 134 per sq.ft in 2017. The value then rose to Rs 200 per sq.ft in 2023, before reaching the current figure of Rs 220 per sq.ft in 2024. The overall change from 2003 to 2024 is an increase of 948%.

From 2017 to 2023, the value increased by 49%, and the jump from 2023 to 2024 is 10%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period had a remarkable increase of 167%. Lastly, the value surged by 257% from 2003 to 2007. Notably, there is no figure available for Aalagirisami Lane in the 2002 revision.

Guideline values in Vedapatti

In Vedapatti, there are 48 streets under the Thondamuthur SRO that have a 2024 guideline value ranging from Rs 140 to Rs 1,790 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is equal to the current guideline value of Aalagirisami Lane.

• Angppa Pannadi St: Rs 335 per sq.ft (2024)
• Annai Indira St: Rs 220 per sq.ft (2024)
• Annga Pannadi St: Rs 220 per sq.ft (2024)
• Arul Kamachi Nagar: Rs 220 per sq.ft (2024)
• Ayyavu Nager: Rs 335 per sq.ft (2024)
• Bhasiyam Naidu Lane: Rs 140 per sq.ft (2024)

Stamp duty and registration fee for property in Aalagirisami Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Aalagirisami Lane?

The Sub Registrar Office that covers Aalagirisami Lane is the Thondamuthur Sub Registrar Office, located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Vedapatti. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and transparently. Authorities use this value to assess the appropriate taxes and fees, safeguarding both the buyer's and seller's interests in the property market.

Frequently asked questions

What is the current guideline value of Aalagirisami Lane?

The current guideline value of Aalagirisami Lane 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 from Rs 21 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, marking an overall increase of 948%. There have been several revisions, with notable increases and decreases along the way.

What is the land classification for Aalagirisami Lane?

Aalagirisami Lane is classified as Residential Class II Type - II. This classification affects the guideline value and the types of properties that can be developed in the area.

What other streets have similar guideline values in Vedapatti?

Several other streets in Vedapatti have a guideline value of Rs 220 per sq.ft, including Annai Indira St, Annga Pannadi St, and Arul Kamachi Nagar. This indicates a median value for the area.

Where can I find the Thondamuthur Sub Registrar Office?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108. This office handles property registrations for Aalagirisami Lane.