Guideline Value for Alamelu Nagar

Alamelu Nagar guideline value

The current guideline value of Alamelu Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024. This locality is situated in Uppilipalayam village, under the Singanallur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Alamelu Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and then rose again to Rs 1,120 per sq.ft in the 2024 revision, marking a 12% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 12%.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 reflected a decrease of 33%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Uppilipalayam

In Uppilipalayam, there are 361 streets under the Singanallur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 6,160 per sq.ft. The median value for these streets is Rs 1,232 per sq.ft, placing Alamelu Nagar's 2024 figure below that median.

• A.K.G.Nagar: Rs 1,680 per sq.ft (2024)
• Akash Homes (Kallimadai): Rs 1,680 per sq.ft (2024)
• Ahuja Haven: Rs 2,016 per sq.ft (2024)
• Agraharam South: Rs 1,680 per sq.ft (2024)
• Ambekhar street: Rs 1,002 per sq.ft (2024)
• Agathiar nagar / Street: Rs 1,680 per sq.ft (2024)

Stamp duty and registration fee for property in Alamelu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,120 per sq.ft, the total guideline value amounts to Rs 11,20,000. The stamp duty at 7% would be Rs 78,400, and the registration fee at 2% would be Rs 22,400, bringing the total to Rs 1,00,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Alamelu Nagar?

The Sub Registrar Office that covers Alamelu Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process for property transactions in Uppilipalayam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers must be aware that these costs are based on the higher of the guideline value or the actual sale price, which can impact the overall transaction costs.

Frequently asked questions

What is the current guideline value of Alamelu Nagar?

The current guideline value of Alamelu Nagar is Rs 1,120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, then rose to Rs 1,000 per sq.ft in 2023, and finally increased to Rs 1,120 per sq.ft in 2024.

What is the land classification of Alamelu Nagar?

Alamelu Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Alamelu Nagar?

The Sub Registrar Office for Alamelu Nagar is the Singanallur Sub Registrar Office, located at Podanur Main Road, Vellalur, Madukarai Tk, Coimbatore Dt- 641111.

How is stamp duty calculated in Alamelu Nagar?

Stamp duty in Alamelu Nagar is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,20,000, the stamp duty would be Rs 78,400 at a rate of 7%.