Guideline Value for ALUKUSAMIYAR KOVIL STREET

Alukusamiyar Kovil Street guideline value

The current guideline value of Alukusamiyar Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Odaiyakulam village under the Anaimalai SRO, classified as Residential Class I Type - II.

How the guideline value of Alukusamiyar Kovil Street has changed

Over the years, the guideline value for Alukusamiyar Kovil Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Alukusamiyar Kovil Street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Odaiyakulam

In Odaiyakulam, there are 72 streets under the Anaimalai SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 448 per sq.ft, with a median value of Rs 200 per sq.ft. Alukusamiyar Kovil Street's 2024 figure is equal to this median.

• Anaimalai Dharmaraja Colony: Rs 350 per sq.ft (2024)
• Ap Rathinam Layout: Rs 250 per sq.ft (2024)
• Aps Nagar: Rs 250 per sq.ft (2024)
• Arivoli Nagar: Rs 250 per sq.ft (2024)
• Big Bazzar Street: Rs 200 per sq.ft (2024)
• Boyar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Alukusamiyar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Please 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 Alukusamiyar Kovil Street?

The Sub Registrar Office that covers Alukusamiyar Kovil Street is the Anaimalai Sub Registrar Office, located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Odaiyakulam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Alukusamiyar Kovil Street?

The current guideline value of Alukusamiyar Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Odaiyakulam?

The median guideline value in Odaiyakulam is Rs 200 per sq.ft, which is the same as the current value for Alukusamiyar Kovil Street.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total of Rs 18,000 in duties.

Where is the Sub Registrar Office for Alukusamiyar Kovil Street located?

The Anaimalai Sub Registrar Office is located at Sub Registrar Office Street, Anaimalai, Coimbatore District- 642104, Coimbatore registration zone.