Guideline Value for Alamarathu Street (1067/9)

Alamarathu Street (1067/9) guideline value

The current guideline value of Alamarathu Street (1067/9) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Salangapalayam village, under the Kavundapadi SRO, and is classified as Residential Class III Type - V.

How the guideline value of Alamarathu Street (1067/9) has changed

Since the 2002 revision, the guideline value for Alamarathu Street (1067/9) has seen significant changes. In 2002, the guideline value was Rs 6 per sq.ft, which increased to Rs 7 per sq.ft in 2003, marking a change of +17%. The value then rose to Rs 15 per sq.ft in 2007, reflecting an increase of +114%. Following this, the 2012 revision set the value at Rs 100 per sq.ft, which was a notable increase of +567%. However, from 2017 to 2023, the value surged to Rs 200 per sq.ft, showing a significant increase of +199% from the previous Rs 67 per sq.ft in 2017. The current value remains the same as the 2023 revision, with no change of +0%.

The register has no figure for the years prior to 2002, and there are no revisions with no figure for this street in it.

Guideline values in Salangapalayam

In Salangapalayam, there are 108 streets under the Kavundapadi SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 450 per sq.ft, with a median value of Rs 226 per sq.ft. Alamarathu Street's 2024 guideline value is below this median.

• Anjaparai 1st Street (190/1,4): Rs 226 per sq.ft (2024)
• Anjaparai 2nd Street (178/7): Rs 226 per sq.ft (2024)
• Avinashi Street (1067/9): Rs 200 per sq.ft (2024)
• Ayigoundanur (737/3): Rs 200 per sq.ft (2024)
• Ayigoundanur Street (766/5): Rs 200 per sq.ft (2024)
• Ayyan Valasu (700/2): Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Alamarathu Street (1067/9)

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Alamarathu Street (1067/9)?

The Sub Registrar Office that covers Alamarathu Street (1067/9) is the Kavundapadi Sub Registrar Office, located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which properties are registered. When buying or selling a property in Salangapalayam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are recorded accurately.

It is important for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. The guideline value serves as a benchmark to ensure that properties are registered at a fair value, which is crucial for maintaining transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Alamarathu Street (1067/9)?

The current guideline value of Alamarathu Street (1067/9) 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 significantly from Rs 6 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, with various increases and one decrease noted in the revisions.

What is the classification of Alamarathu Street (1067/9)?

Alamarathu Street (1067/9) is classified as Residential Class III Type - V.

What is the stamp duty for property in Alamarathu Street (1067/9)?

The stamp duty for property in Alamarathu Street (1067/9) is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Alamarathu Street (1067/9)?

The Sub Registrar Office for Alamarathu Street (1067/9) is located at Marutham Nagar Bye-pass Road, Kavundapadi, 638455, Coimbatore registration zone.