Guideline Value for ALAMELU NAGAR

Alamelu Nagar guideline value

The current guideline value of Alamelu Nagar, located in Chettipalayam village, is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Alamelu Nagar has changed

The guideline value for Alamelu Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 575 per sq.ft, which then decreased to Rs 385 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, marking an 82% rise. The 2023 revision maintained this value, and the 2024 revision also set it at Rs 700 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 703 per sq.ft, making Alamelu Nagar's 2024 figure below that median.

• Ace Krishna Veena: Rs 703 per sq.ft (2024)
• Angeripalayam: Rs 704 per sq.ft (2024)
• Angeripalayam Main Road: Rs 704 per sq.ft (2024)
• Anna Nagar West: Rs 703 per sq.ft (2024)
• Annpoorna Layout: Rs 700 per sq.ft (2024)
• A P R Nagar: Rs 703 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamelu Nagar?

The Sub Registrar Office that covers Alamelu Nagar is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602., in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chettipalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Alamelu Nagar?

The current guideline value of Alamelu Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 575 per sq.ft in 2012 to Rs 700 per sq.ft in 2023 and 2024, with significant increases observed in the 2017 to 2023 period.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000 for these fees.

Which office handles property registrations in Alamelu Nagar?

The Tiruppur Joint I Sub Registrar Office is responsible for property registrations in Alamelu Nagar, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

What is the median guideline value for streets in Chettipalayam?

The median guideline value for the 100 streets in Chettipalayam is Rs 703 per sq.ft, with Alamelu Nagar's value being below this median.