Guideline Value for Alampalayam (702/2)

Alampalayam (702/2) guideline value

The current guideline value for Alampalayam (702/2) is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Annur village under the Annur SRO and is classified as Residential Class I Type - III.

How the guideline value of Alampalayam (702/2) has changed

The guideline value for Alampalayam (702/2) has undergone several revisions over the years. In 2007, the guideline value was Rs 45 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it dropped to Rs 67 per sq.ft in 2017. The most significant change occurred between 2017 and 2023, where the value surged to Rs 200 per sq.ft, marking a 199% increase. The 2024 revision also maintains this rate of Rs 200 per sq.ft, resulting in no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 344%.

Guideline values in Annur

In Annur village, there are 225 streets under the Annur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Alampalayam (702/2) is below this median.

• Alampalayam (702/3): Rs 200 per sq.ft (2024)
• Allikulam Sathy Road (110): Rs 1,000 per sq.ft (2024)
• AlliKulam Sathy Road (111/1): Rs 1,000 per sq.ft (2024)
• Allikulam Sathy Road (111/2): Rs 1,000 per sq.ft (2024)
• Agragaram Street (316/7): Rs 1,000 per sq.ft (2024)
• Adhidravidar Quarters (22/2A5): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Alampalayam (702/2)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, making a total of Rs 18,000. It is important to note that 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 Alampalayam (702/2)?

The Sub Registrar Office that covers Alampalayam (702/2) is the Annur Sub Registrar Office, located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653, 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 Annur

The guideline value is a crucial factor when buying or selling property in Annur, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate the applicable stamp duty and registration fees during the transaction process.

When a buyer or seller engages in a property transaction, the guideline value ensures that the property is not undervalued, thus protecting the interests of both parties and the government in terms of revenue collection.

Frequently asked questions

What is the current guideline value for Alampalayam (702/2)?

The current guideline value for Alampalayam (702/2) 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 from Rs 45 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, marking an overall increase of 344% over the years.

What are the registration fees for property transactions in Alampalayam (702/2)?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Alampalayam (702/2)?

The Sub Registrar Office for Alampalayam (702/2) is located at Csr Nagar, Avanashi Road, Annur, Coimbatore - 641 653.

What is the land classification for Alampalayam (702/2)?

Alampalayam (702/2) is classified as Residential Class I Type - III, indicating its suitability for residential development.