Guideline Value for ATHIPALAYAM ROAD

Athipalayam Road guideline value

The current guideline value of Athipalayam Road is Rs 2,240 per sq.ft, effective from 1 July 2024. This road is located in Ganapathy village, under the Ganapathy SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Athipalayam Road has changed

The guideline value for Athipalayam Road has seen significant changes over the years. In 2007, the value was Rs 700 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 186%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, representing a 49% increase. The latest revision in 2024 has set the guideline value at Rs 2,240 per sq.ft, reflecting a 12% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Ganapathy

In Ganapathy village, there are 324 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,007 to Rs 4,595 per sq.ft. The median guideline value for these streets is Rs 1,120 per sq.ft, placing Athipalayam Road's 2024 figure above that median.

• Athanur Ammankovil Street: Rs 1,400 per sq.ft (2024)
• A.Ssubramaniam Nagar.: Rs 1,400 per sq.ft (2024)
• Ashok Nagar.M.K.P.Colony 1.2.3 Cross: Rs 1,120 per sq.ft (2024)
• Ashok Nagar: Rs 1,010 per sq.ft (2024)
• Avarampalayam Main Road: Rs 2,240 per sq.ft (2024)
• Arunthathi Colony,Kamarajar Puram: Rs 1,008 per sq.ft (2024)

Stamp duty and registration fee for property in Athipalayam Road

For a 1,000 sq.ft plot at the current rate of Rs 2,240 per sq.ft, the guideline value amounts to Rs 22,40,000. The stamp duty at 7% would be Rs 1,56,800, and the registration fee at 2% would be Rs 44,800, bringing the total to Rs 2,01,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athipalayam Road?

The Sub Registrar Office that covers Athipalayam Road is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Athipalayam Road?

The current guideline value of Athipalayam Road is Rs 2,240 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 700 per sq.ft in 2007 to Rs 2,240 per sq.ft in 2024, which is an overall increase of 220%.

What is the stamp duty for property in Athipalayam Road?

The stamp duty for property in Athipalayam Road is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 22,40,000, the stamp duty would be Rs 1,56,800.

Where can I find the Sub Registrar Office for Athipalayam Road?

The Sub Registrar Office for Athipalayam Road is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore - 641006.

What is the land classification for Athipalayam Road?

Athipalayam Road is classified as Commercial Class I Type - II, which influences its guideline value and potential uses.