Guideline Value for Alamara Thottam Navavoor Pirivu

Alamara Thottam Navavoor Pirivu guideline value

The current guideline value of Alamara Thottam Navavoor Pirivu is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Vadavalli village, under the Vadavalli SRO, and is classified as Residential Class I Type - II.

How the guideline value of Alamara Thottam Navavoor Pirivu has changed

The guideline value for Alamara Thottam Navavoor Pirivu has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This increased to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, an increase of 87%. The current guideline value remains the same as the previous year's figure of Rs 1,000 per sq.ft, effective from 1 July 2024.

There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Vadavalli

In Vadavalli, there are 461 streets under the Vadavalli SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Alamara Thottam Navavoor Pirivu is below this median.

• Alagu Murugan Nagar: Rs 1,870 per sq.ft (2024)
• Alamu Nagar: Rs 1,000 per sq.ft (2024)
• Aksay Garden: Rs 1,870 per sq.ft (2024)
• Aliv Garden: Rs 1,000 per sq.ft (2024)
• Aiswarya Nagar: Rs 1,100 per sq.ft (2024)
• Ambal Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Alamara Thottam Navavoor Pirivu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Alamara Thottam Navavoor Pirivu?

The Sub Registrar Office that covers Alamara Thottam Navavoor Pirivu 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 Vadavalli

The guideline value is a crucial factor when registering property transactions in Vadavalli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded at a fair value, which is important for legal and taxation purposes. This value is used to calculate the applicable fees, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Alamara Thottam Navavoor Pirivu?

The current guideline value of Alamara Thottam Navavoor Pirivu is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 800 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2023 and 2024. Notably, it decreased from Rs 800 to Rs 536 per sq.ft between 2012 and 2017, before increasing significantly in the following years.

What is the land classification for Alamara Thottam Navavoor Pirivu?

Alamara Thottam Navavoor Pirivu is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Alamara Thottam Navavoor Pirivu?

The Sub Registrar Office for Alamara Thottam Navavoor Pirivu is located at Ctc Depot Backside, Maruthamalai Adivaaram, Coimbatore - 641046.

How is the stamp duty calculated for properties in Alamara Thottam Navavoor Pirivu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at the rate of 7%.