Guideline Value for ALTRONS GARDENS

Altrons Gardens guideline value

The current guideline value of Altrons Gardens is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Somayampalayam village under the Vadavalli SRO and is classified as Residential Class I Type - II.

How the guideline value of Altrons Gardens has changed

Over the years, the guideline value of Altrons Gardens has seen significant changes. In the 2003 revision, the value was Rs 93 per sq.ft, which increased dramatically to Rs 500 per sq.ft in 2012, marking a rise of 438%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a decline of 33%. The value then rose again to Rs 500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2007 for this street. Overall, from 2003 to 2024, the guideline value has increased by 491%.

Guideline values in Somayampalayam

In Somayampalayam, there are 139 streets under the Vadavalli SRO that have a 2024 guideline value ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for the village is Rs 720 per sq.ft, indicating that Altrons Gardens' 2024 figure is below this median.

• Alpha Garden: Rs 825 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)
• Ananya's Garden @ Kalappanaickenpalayam: Rs 1,650 per sq.ft (2024)
• Ananya's Garden@ Vadavalli: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Altrons Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000. Together, the total cost for stamp duty and registration would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Altrons Gardens?

The Sub Registrar Office covering Altrons Gardens is the Vadavalli Sub Registrar Office, located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Somayampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the property transaction. This helps maintain a standard across property transactions in the area.

Frequently asked questions

What is the current guideline value of Altrons Gardens?

The current guideline value of Altrons Gardens is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 93 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 491% over this period.

What is the median guideline value in Somayampalayam?

The median guideline value in Somayampalayam is Rs 720 per sq.ft, making Altrons Gardens' 2024 value below this median.

What are the stamp duty and registration fees for property in Altrons Gardens?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,50,000, with a stamp duty of Rs 38,500 and a registration fee of Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office for Altrons Gardens located?

The Sub Registrar Office for Altrons Gardens is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.