Guideline Value for ATHUPALAYAM

Athupalayam guideline value

The current guideline value of Athupalayam, located in Chettipalayam village, is Rs 703 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Tiruppur Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Athupalayam has changed

In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. This figure increased to Rs 234 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 703 per sq.ft, reflecting a significant increase of 200%. The 2023 revision maintained the same value of Rs 703 per sq.ft, which carried over into the 2024 revision.

The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street. Overall, from 2012 to 2024, the guideline value has increased by 101%.

Guideline values in Chettipalayam

In Chettipalayam, there are 100 streets under the Tiruppur Joint I SRO with a 2024 guideline value range from Rs 700 to Rs 1,000 per sq.ft. The median value is Rs 703 per sq.ft, which is the same as the current guideline value for Athupalayam.

• A.S.M.R Garden: Rs 835 per sq.ft (2024)
• A.S.M.Nagar Exn: Rs 704 per sq.ft (2024)
• A.S.M.Colony: Rs 703 per sq.ft (2024)
• Avinashigoundampalayam: Rs 704 per sq.ft (2024)
• Avinashi Goundampalayam Aruljothi Nagar: Rs 704 per sq.ft (2024)
• A.V.P.J.S Aiswarryam: Rs 705 per sq.ft (2024)

Stamp duty and registration fee for property in Athupalayam

For a 1,000 sq.ft plot at the current rate of Rs 703 per sq.ft, the guideline value would be Rs 7,03,000. The stamp duty at 7% would amount to Rs 49,210 and the registration fee at 2% would be Rs 14,060, totaling Rs 63,270. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athupalayam?

The Sub Registrar Office that covers Athupalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Chettipalayam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value of Athupalayam?

The current guideline value of Athupalayam is Rs 703 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with a significant increase from Rs 350 per sq.ft in 2012 to Rs 703 per sq.ft in 2023 and 2024.

What is the land classification of Athupalayam?

Athupalayam is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Athupalayam?

The Sub Registrar Office for Athupalayam is the Tiruppur Joint I Sub Registrar Office, located at 1/529, Nerupperichchal Village, Pooluvapatti Postal, Tirupur - 641 602.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 7,03,000, the stamp duty at 7% would be Rs 49,210.