Guideline Value for Alamel Avenue

Alamel Avenue guideline value

The current guideline value of Alamel Avenue is Rs 1,003 per sq.ft. This street is located in Kuniyamuthur village, under the Coimbatore South Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Alamel Avenue has changed

The guideline value of Alamel Avenue has undergone several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,000 per sq.ft, which was updated to Rs 1,003 per sq.ft in the 2024 revision, reflecting a change of +0% from the previous year.

As of the 2024 revision, the current guideline value is Rs 1,003 per sq.ft. This value is equal to the median guideline value of Rs 1,003 per sq.ft for the 410 streets in Kuniyamuthur under the Coimbatore South Joint 1 SRO, which range from Rs 1,000 to Rs 1,550 per sq.ft.

Guideline values in Kuniyamuthur

In Kuniyamuthur, the guideline values for various streets range from Rs 1,000 to Rs 1,550 per sq.ft. Alamel Avenue's 2024 figure of Rs 1,003 per sq.ft is aligned with the median value for the area. The following are other streets in Kuniyamuthur:

• Alakaatchi Thottam: Rs 1,003 per sq.ft (2024)
• Akshaya Garden: Rs 1,001 per sq.ft (2024)
• A.K.J.Colony: Rs 1,003 per sq.ft (2024)
• Amasai Gounder Street: Rs 1,003 per sq.ft (2024)
• Aditya Garden: Rs 1,001 per sq.ft (2024)
• Amman Colony: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Alamel Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would amount to Rs 70,210, and the registration fee at 2% would be Rs 20,060, bringing the total cost to Rs 90,270. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alamel Avenue?

The Sub Registrar Office that covers Alamel Avenue is the Coimbatore South Joint 1 Sub Registrar Office, located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kuniyamuthur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to the local regulations.

When a property is sold, the buyer will need to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Alamel Avenue?

The current guideline value of Alamel Avenue is Rs 1,003 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Alamel Avenue.

What is the land classification of Alamel Avenue?

Alamel Avenue is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty rates applicable in Coimbatore?

The stamp duty rate for properties in Coimbatore is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Alamel Avenue?

The Sub Registrar Office covering Alamel Avenue is located at No.410a, Raja Street, Coimbatore-641001, Coimbatore registration zone. You can find more information about your SRO online.