Guideline Value for ALAMARATHOTTAM

Alamarathottam guideline value

The current guideline value of Alamarathottam is Rs 1,010 per sq.ft, effective from 1 July 2024. This area is located in Ganapathy village, under the Ganapathy SRO, and is classified as Residential Class I Type - III.

How the guideline value of Alamarathottam has changed

The guideline value of Alamarathottam has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased to Rs 750 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft. A significant rise occurred from 2017 to 2023, where the value surged to Rs 1,000 per sq.ft, marking a 99% increase. The most recent revision in 2024 has raised the value to Rs 1,010 per sq.ft, a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 124%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO with a 2024 guideline value ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median value for these streets is Rs 1,120 per sq.ft, placing Alamarathottam's 2024 figure below that median.

• Alamelu Mangapuram.Thiruvenkatasamy Nagar: Rs 1,400 per sq.ft (2024)
• Amarar Jeeva Road: Rs 1,120 per sq.ft (2024)
• Ambal Nagar: Rs 1,400 per sq.ft (2024)
• Ambethkar Veethi: Rs 1,010 per sq.ft (2024)
• Ammankovil Thottam, Rajagopalapuram: Rs 1,400 per sq.ft (2024)
• Acc Nagar.N.M.Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Alamarathottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,010 per sq.ft, the total guideline value would be Rs 10,10,000. The stamp duty, charged at 7%, would amount to Rs 70,700, while 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamarathottam?

The Sub Registrar Office that covers Alamarathottam is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ganapathy. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value impacts the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Alamarathottam?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,010 per sq.ft in 2024, reflecting a total increase of 124% over the years.

What are the other streets in Ganapathy with their guideline values?

Other streets in Ganapathy include Alamelu Mangapuram.Thiruvenkatasamy Nagar at Rs 1,400 per sq.ft, Amarar Jeeva Road at Rs 1,120 per sq.ft, and Ambal Nagar at Rs 1,400 per sq.ft, among others.

Where can I find the Ganapathy Sub Registrar Office?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for property in Alamarathottam?

Stamp duty for property in Alamarathottam is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.