Guideline Value for ALEEP GARDEN

Aleep Garden guideline value

The current guideline value of Aleep Garden is Rs 702 per sq.ft, effective from 1 July 2024. This area is located in Nallur village, under the Nallur_Tiruppur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Aleep Garden has changed

The guideline value for Aleep Garden has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 175 per sq.ft. This increased to Rs 117 per sq.ft in 2017, which was a decrease of 33%. Subsequently, the value rose significantly to Rs 700 per sq.ft in 2023, marking an increase of 498%. The latest revision in 2024 set the guideline value at Rs 702 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for Aleep Garden in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 301%.

Guideline values in Nallur

Nallur village has a total of 280 streets under the Nallur_Tiruppur SRO, with 2024 guideline values ranging from Rs 700 to Rs 1,764 per sq.ft. The median value for these streets is Rs 714 per sq.ft, placing Aleep Garden's 2024 figure below this median.

• Amarjothi Aruna Nagar: Rs 702 per sq.ft (2024)
• Amarjothi A.S.Nagar: Rs 1,155 per sq.ft (2024)
• Amarjothi Brindhavan Gardens: Rs 712 per sq.ft (2024)
• Amarjothi Garden: Rs 1,155 per sq.ft (2024)
• Amarjothi Lakshmi Nagar: Rs 708 per sq.ft (2024)
• Amarjothi Mullai Nagar: Rs 712 per sq.ft (2024)

Stamp duty and registration fee for property in Aleep Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value would be Rs 7,02,000. The stamp duty at 7% would amount to Rs 49,140, and the registration fee at 2% would be Rs 14,040, resulting in a total of Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aleep Garden?

Aleep Garden falls under the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, 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 Nallur

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Aleep Garden?

The current guideline value of Aleep Garden is Rs 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2012 to Rs 702 per sq.ft in 2024, reflecting an overall increase of 301% over this period.

What is the registration office for Aleep Garden?

The registration office covering Aleep Garden is the Nallur_Tiruppur Sub Registrar Office, located near Hotel Riverview, Nagapattinam 611002, Coimbatore.

What are the stamp duty and registration fees for Aleep Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 49,140 and the registration fee would be Rs 14,040, leading to a total of Rs 63,180.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used for calculating the fees.