Guideline Value for ALAMELU MANGAPURAM.THIRUVENKATASAMY NAGAR

Alamelu Mangapuram.Thiruvenkatasamy Nagar guideline value

The current guideline value for Alamelu Mangapuram.Thiruvenkatasamy Nagar is Rs 1,400 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 - I.

How the guideline value of Alamelu Mangapuram.Thiruvenkatasamy Nagar has changed

The guideline value for Alamelu Mangapuram.Thiruvenkatasamy Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased significantly to Rs 1,250 per sq.ft in 2012. However, there was a decrease to Rs 837 per sq.ft in 2017. The value then rose to Rs 1,250 per sq.ft in 2023 before reaching the current rate of Rs 1,400 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. The overall increase from the 2007 revision to the 2024 revision is 211%, reflecting the changes in property valuation over the years.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry 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 Alamelu Mangapuram.Thiruvenkatasamy Nagar's 2024 figure above this median.

• Alamarathottam: Rs 1,010 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)
• Amman Nagar: Rs 1,010 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Mangapuram.Thiruvenkatasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, while the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamelu Mangapuram.Thiruvenkatasamy Nagar?

The Sub Registrar Office that covers Alamelu Mangapuram.Thiruvenkatasamy Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more details.

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 a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Alamelu Mangapuram.Thiruvenkatasamy Nagar?

The current guideline value for Alamelu Mangapuram.Thiruvenkatasamy Nagar is Rs 1,400 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 1,400 per sq.ft in 2024, reflecting an overall increase of 211% over the years.

What is the registration office for Alamelu Mangapuram.Thiruvenkatasamy Nagar?

The registration office for Alamelu Mangapuram.Thiruvenkatasamy Nagar is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% for property transactions, which is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find more information on stamp duty and registration fees?

You can find more information on stamp duty and registration fees using the stamp duty and registration fee calculator available online.