Guideline Value for ALPHA GARDEN

Alpha Garden guideline value

The current guideline value for Alpha Garden in Somayampalayam village is Rs 825 per sq.ft, effective from 1 July 2024. This property falls under the Vadavalli Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Alpha Garden has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This figure then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in the 2023 revision, and further rose to Rs 825 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 shows a 10% increase. The fluctuations in the guideline value indicate various market conditions and adjustments made by the authorities over the years.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 720 per sq.ft, placing Alpha Garden's 2024 figure above that median.

• Altrons Gardens: Rs 550 per sq.ft (2024)
• Akshra Gardens: Rs 550 per sq.ft (2024)
• Ajantha Nagar: Rs 550 per sq.ft (2024)
• Adhava City: Rs 550 per sq.ft (2024)
• Abirami Garden - II: Rs 690 per sq.ft (2024)
• Abirami Garden - I: Rs 690 per sq.ft (2024)

Stamp duty and registration fee for property in Alpha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. 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 Alpha Garden?

The Alpha Garden property is covered by the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Somayampalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. This process aids in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Alpha Garden?

The current guideline value of Alpha Garden is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for Alpha Garden?

Alpha Garden is classified as Residential Class II Type - III under the Vadavalli SRO.

What are the stamp duty and registration fees for property in Alpha Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles the registration for Alpha Garden?

The Vadavalli Sub Registrar Office handles the registration for Alpha Garden, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.