Guideline Value for AALAYAM AVENUE

Aalayam Avenue guideline value

The current guideline value of Aalayam Avenue is Rs 1,065 per sq.ft, effective from 1 July 2024. This street is located in Kalapatty_west village, under the Gandhipuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Aalayam Avenue has changed

The guideline value for Aalayam Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 536 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023, marking an increase of 87%. The latest revision in 2024 shows a further increase to Rs 1,065 per sq.ft, which is a 7% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 99%.

Guideline values in Kalapatty_west

In Kalapatty_west, there are 357 streets under the Gandhipuram SRO that carry a 2024 guideline value, ranging from Rs 1,010 to Rs 3,920 per sq.ft. Aalayam Avenue's 2024 figure of Rs 1,065 per sq.ft is above the median value of Rs 1,060 per sq.ft for this area.

• Agam: Rs 1,055 per sq.ft (2024)
• Airport Colony (Civil Aerodrome): Rs 1,055 per sq.ft (2024)
• Alaghu Nagar (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Alex Anenue: Rs 1,045 per sq.ft (2024)
• Amman Nagar: Rs 1,050 per sq.ft (2024)
• Annai Garden (Kalappatti): Rs 1,065 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 1,065 per sq.ft, the total guideline value would be Rs 10,65,000. The stamp duty at 7% would amount to Rs 74,550, and the registration fee at 2% would be Rs 21,300, totaling Rs 95,850. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aalayam Avenue?

Aalayam Avenue falls under the jurisdiction of the Gandhipuram Sub Registrar Office. The address is Gandhipuram Sub Registrar Office, Sro Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Kalapatty_west. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property in this area, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Aalayam Avenue?

The current guideline value of Aalayam Avenue is Rs 1,065 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 1,065 per sq.ft in 2024, representing an overall increase of 99%.

What is the registration office for Aalayam Avenue?

Aalayam Avenue is covered by the Gandhipuram Sub Registrar Office, located near Saravanampatti Police Station, Coimbatore.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 10,65,000, with stamp duty at 7% amounting to Rs 74,550 and a registration fee at 2% of Rs 21,300, totaling Rs 95,850.

Are there other streets with similar guideline values in Kalapatty_west?

Yes, there are several other streets in Kalapatty_west with guideline values ranging from Rs 1,010 to Rs 3,920 per sq.ft. Aalayam Avenue's value is above the median of Rs 1,060 per sq.ft for the area.