Guideline Value for AALAMPALAYAM (RS.NO.1951/1)

Aalampalayam (Rs.No.1951/1) guideline value

The current guideline value for Aalampalayam (Rs.No.1951/1) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Aalampalayam village under the Dharapuram SRO and is classified as Residential Class III Type - V.

How the guideline value of Aalampalayam (Rs.No.1951/1) has changed

The guideline value for Aalampalayam has undergone several revisions over the years. The 2012 revision set the value at Rs 40 per sq.ft, which increased to Rs 27 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking an overall increase of 400% from the 2012 figure. The register has no figure for this street in 2002, 2003, or 2007.

From 2017 to 2023, the guideline value increased by 641%, while there was a decrease of 33% from 2012 to 2017. The guideline value remained unchanged from 2023 to 2024, reflecting a 0% change during this period.

Guideline values in Aalampalayam

Aalampalayam village has 26 streets under the Dharapuram SRO, all carrying a 2024 guideline value ranging from Rs 200 to Rs 200 per sq.ft, with the median also at Rs 200 per sq.ft. The guideline value for this street matches the median value.

• Aalampalayam Arijana Colony: Rs 200 per sq.ft (2024)
• Aandipalayam: Rs 200 per sq.ft (2024)
• Goundaiyan Valasu Arijana Colony: Rs 200 per sq.ft (2024)
• Goundaiyan Valasu: Rs 200 per sq.ft (2024)
• Karaiyur Goundaiyan Valasu Road: Rs 200 per sq.ft (2024)
• Karaiyur Karur Main Road: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aalampalayam (Rs.No.1951/1)

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aalampalayam (Rs.No.1951/1)?

The Sub Registrar Office covering Aalampalayam is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Aalampalayam. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value and the sale price.

When buying or selling property, it is essential to be aware of the current guideline value as it directly influences the financial obligations involved in the transaction. Ensuring that the property is registered at the correct guideline value helps maintain transparency and legality in real estate dealings.

Frequently asked questions

What is the current guideline value for Aalampalayam (Rs.No.1951/1)?

The current guideline value for Aalampalayam (Rs.No.1951/1) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 40 per sq.ft to Rs 200 per sq.ft in 2024. The most significant change occurred between 2017 and 2023, where it rose by 641%.

What is the land classification for Aalampalayam (Rs.No.1951/1)?

Aalampalayam (Rs.No.1951/1) is classified as Residential Class III Type - V. This classification is important for determining the applicable guidelines and regulations for the property.

Where can I find the Sub Registrar Office for Aalampalayam?

The Sub Registrar Office for Aalampalayam is the Dharapuram Sub Registrar Office, located at Taluk Office Compound, Dharapuram 638 656, Coimbatore registration zone.

How is the stamp duty calculated for properties in Aalampalayam?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty at 7% would be Rs 14,000.