Guideline Value for ALAMELU MANGAI AVENUE

Alamelu Mangai Avenue guideline value

The current guideline value of Alamelu Mangai Avenue is Rs 1,006 per sq.ft, effective from 1 July 2024. This street is located in Veerakeralam village under the Thondamuthur SRO, classified as Residential Class I Type - II.

How the guideline value of Alamelu Mangai Avenue has changed

The guideline value for Alamelu Mangai Avenue has undergone several revisions over the years. In 2007, the value was Rs 370 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a significant rise of 116%. However, between 2012 and 2017, the value decreased to Rs 536 per sq.ft, reflecting a drop of 33%. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2023, which is an increase of 87% from the previous figure.

The most recent revision in 2024 set the guideline value at Rs 1,006 per sq.ft, representing a 1% increase from 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Veerakeralam

In Veerakeralam, there are 135 streets under the Thondamuthur SRO that carry a 2024 guideline value ranging from Rs 1,004 to Rs 3,000 per sq.ft, with a median value of Rs 1,014 per sq.ft. Alamelu Mangai Avenue's 2024 guideline value is below this median.

• Ajjanur Harijana Colony: Rs 1,019 per sq.ft (2024)
• Amaravathi Street: Rs 1,014 per sq.ft (2024)
• Amman Nager: Rs 1,004 per sq.ft (2024)
• Anandam Nagar: Rs 1,014 per sq.ft (2024)
• Annai Velangani Nager: Rs 1,006 per sq.ft (2024)
• ANNA NAGAR 1st STREET: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Mangai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, making the total cost for these fees Rs 90,540. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamelu Mangai Avenue?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Veerakeralam. It serves as the benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value is used to calculate the applicable taxes and fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alamelu Mangai Avenue?

The current guideline value of Alamelu Mangai Avenue is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 370 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 172% over the years.

What is the land classification for Alamelu Mangai Avenue?

Alamelu Mangai Avenue is classified as Residential Class I Type - II under the Thondamuthur SRO.

What are the stamp duty and registration fees for properties in Alamelu Mangai Avenue?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 90,540.

Where is the Sub Registrar Office for Alamelu Mangai Avenue located?

The Thondamuthur Sub Registrar Office is located at 5/33, Chinnammal Complex, Mappillai Gounder Thottam, Narasipuram Main Road, Thondamuthur, Perur Taluk, Coimbatore - 641 108.