Guideline Value for AALAYAM AVENUE

Aalayam Avenue guideline value

The current guideline value of Aalayam Avenue is Rs 1,010 per sq.ft, effective from 1 July 2024. This street is located in KALAPATTY_East village under the Gandhipuram SRO, classified as Mixed Type - I.

How the guideline value of Aalayam Avenue has changed

The guideline value for Aalayam Avenue has undergone several revisions over the years. The 2017 revision recorded a value of Rs 536 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking an 87% increase. The most recent revision in 2024 saw the value rise to Rs 1,010 per sq.ft, reflecting a 1% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 88%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in KALAPATTY_East

KALAPATTY_East village has a total of 358 streets under the Gandhipuram SRO, with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. The median guideline value is Rs 1,055 per sq.ft, placing Aalayam Avenue's 2024 figure below this median.

• Aarudhra Querencia: Rs 2,145 per sq.ft (2024)
• Aarudhra Querencia Extension: Rs 2,145 per sq.ft (2024)
• Aarudhra Quinta: Rs 2,145 per sq.ft (2024)
• Aarudhra Quinta Phase-I: Rs 2,145 per sq.ft (2024)
• Aarudhra Quinta Phase II: Rs 2,145 per sq.ft (2024)
• Aarudhra Quinta Phase-III: Rs 2,145 per sq.ft (2024)

Stamp duty and registration fee for property in Aalayam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value amounts to Rs 10,10,000. The stamp duty at 7% would be Rs 70,700, and the registration fee at 2% would be Rs 20,200, bringing the total to Rs 90,900. It is important to note that the 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 Aalayam Avenue?

The Sub Registrar Office that covers Aalayam Avenue is the Gandhipuram Sub Registrar Office, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in KALAPATTY_East. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Aalayam Avenue?

The current guideline value of Aalayam Avenue is Rs 1,010 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 1,010 per sq.ft in 2024, an overall increase of 88%.

What is the median guideline value in KALAPATTY_East?

The median guideline value in KALAPATTY_East is Rs 1,055 per sq.ft, which is higher than the current value of Aalayam Avenue.

What are the stamp duty and registration fees for Aalayam Avenue?

The stamp duty for a property at Aalayam Avenue is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 90,900.

Which office handles registrations for Aalayam Avenue?

The Gandhipuram Sub Registrar Office handles registrations for Aalayam Avenue, located at Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore.