Guideline Value for ALPHA RESIDENCHY

Alpha Residenchy guideline value

The current guideline value of Alpha Residenchy is Rs 210 per sq.ft, effective from 1 July 2024. This property is located in Vellalore village under the Singanallur SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Alpha Residenchy has changed

Looking at the revisions, the guideline value for Alpha Residenchy has seen several changes over the years. The 2012 revision set the value at Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 300 per sq.ft in 2023, before dropping by 30% to the current Rs 210 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has decreased by 30%. The current value of Rs 210 per sq.ft is below the median guideline value of Rs 330 per sq.ft for the 307 streets in Vellalore under the Singanallur SRO.

Guideline values in Vellalore

In Vellalore, the guideline values vary significantly, ranging from Rs 210 to Rs 3,850 per sq.ft as per the 2024 revision. Alpha Residenchy's 2024 figure of Rs 210 per sq.ft is below the median value of Rs 330 per sq.ft. Other streets in Vellalore include:

• Alpha Residence Extension: Rs 330 per sq.ft (2024)
• Alayam Nest: Rs 330 per sq.ft (2024)
• Alayam Avenue: Rs 330 per sq.ft (2024)
• Alamiyammal Street: Rs 330 per sq.ft (2024)
• Adhideravedar Nattam: Rs 330 per sq.ft (2024)
• Abirami Garden: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Alpha Residenchy

For a 1,000 sq.ft plot at the current guideline value of Rs 210 per sq.ft, the total guideline value would be Rs 2,10,000. The stamp duty at 7% would amount to Rs 14,700, and the registration fee at 2% would be Rs 4,200, leading to a total of Rs 18,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alpha Residenchy?

The Sub Registrar Office that covers Alpha Residenchy is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Vellalore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, as it reflects the government’s assessment of property values in the area. Buyers and sellers must consider this value to ensure compliance with regulatory requirements during the registration process.

Frequently asked questions

What is the current guideline value of Alpha Residenchy?

The current guideline value of Alpha Residenchy is Rs 210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with the 2012 revision at Rs 300 per sq.ft, dropping to Rs 201 per sq.ft in 2017, rising to Rs 300 per sq.ft in 2023, and then decreasing to Rs 210 per sq.ft in 2024.

What is the median guideline value in Vellalore?

The median guideline value for the 307 streets in Vellalore under the Singanallur SRO is Rs 330 per sq.ft, which is above the current value of Alpha Residenchy.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,700, and the registration fee would be Rs 4,200, totaling Rs 18,900.

Where is the Sub Registrar Office for Alpha Residenchy located?

The Singanallur Sub Registrar Office is located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, Coimbatore registration zone.